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18648 McKay Dr, Humble, TX,...

Private LLC Acquires McKay Medical Plaza In Humble, TX For $6.8M
SOLDMedical Office

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

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.

Players

Morgan Hansen

Marcus & Millichap

Broker

$6.8M

vol

1 deal

Broker
PL
Private LLCBuyer

Humble Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

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