DeisoMoss Acquires Mixed-Use Property In Houston, TX For $26.1M Loan From Northwind Group
2120 Post Oak Boulevard
$26,100,000
$47/SF
Building Size
551,905 SF
Asset Type
Mixed-use
Closing
Apr 5, 2022
AI
The mixed-use property located at 2120 Post Oak Blvd in Houston, TX has undergone a recent transaction. The property spans approximately 551,905 square feet and is situated in the Houston market.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $26,100,000
- Loan Type: Bridge
The loan for this transaction was provided by Northwind Group, represented by Ran Eliasaf & Gabriel Hamani. The landlord, DeisoMoss, was represented by Andrew Deiso & Taylor Moss. The brokers involved in the deal were Adi Chugh, Rich Levin, & Christian Hung of Surya Capital Partners.
Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93