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1317 Lake Pointe Pkwy, Suga...

Unknown Buyer Acquires 120596 SF Property At 1317 Lake Pointe Pkwy In Sugar Land With Seller's Rep Chris Bodnar CBRE
SOLDMedical Office

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

Christopher Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker

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