Unknown Buyer Acquires 120596 SF Property At 1317 Lake Pointe Pkwy In Sugar Land With Seller's Rep Chris Bodnar CBRE
1317 Lake Pointe Pkwy, Sugar Land, T...
Building Size
120,596 SF
Asset Type
Medical Office
Closing
Jul 29, 2019
AI
The property involved in this transaction is CHI St. Luke’s Health Sugar Land Medical Plaza, a 120,596-square-foot medical office building located at 1317 Lake Pointe Pkwy, Sugar Land, Texas. The building is five stories high and is part of the CHI St. Luke’s hospital campus in the southwestern Houston suburb of Sugar Land.
Summary of transaction details:
- Property Type: Medical Office Building
- Transaction Amount: Not Disclosed
- Address: 1317 Lake Pointe Pkwy, Sugar Land, Texas
- Market: Sugar Land
- Square Footage: 120,596
- Seller's Representative: Christopher (Chris) Bodnar from CBRE
- Other Representatives: Shane Seitz, Lee Asher, Ryan Lindsley, Sabrina Solomiany, Nelson Udstuen from CBRE
- Buyer: Unknown
The transaction was negotiated by CBRE, with Christopher (Chris) Bodnar representing the seller. The buyer's identity and other terms of the sale remain undisclosed.
Players
Sugar Land Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93