Updated Oct 29, 2024
Private LLC Acquires McKay Medical Plaza In Humble, TX For $6.8M
18648 McKay Dr, Humble, TX, 77338
$6,800,000
$284/SF
Building Size
23,886 SF
Asset Type
Medical Office
Closing
Feb 15, 2019
About this deal
AI
The McKay Medical Plaza, a 23,886-square-foot medical office building located at 18648 McKay Dr, Humble, TX, 77338, was recently sold for $6.8 million in Humble. The transaction was facilitated by Marcus & Millichap. The seller, represented by Morgan Hansen, and the buyer, a Private LLC, both chose to remain anonymous.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $6,800,000.00
- Market: Humble
- Seller's Rep: Morgan Hansen (Marcus & Millichap)
- Buyer: Private LLC
- SF: 23886
David Luther was also part of the Marcus & Millichap team that orchestrated the sale of McKay Medical Plaza. The deal involved two limited liability companies as the buyer and seller. The location in the northern Houston metro of Humble adds to the appeal of this medical office building.
On the Map
$6,800,000
$284/SF
Medical Office
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Players
Humble 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93