Atlas CRE Capital Provides $9.7M Acquisition Loan For Office Property On Timmons Lane In Houston
3555 Timmons Lane
$9,700,000
$43/SF
Building Size
225,000 SF
Asset Type
Office
Closing
Dec 13, 2023
About this deal
AI
The office building located at 3555 Timmons Lane in Houston, TX has recently been involved in a loan transaction. The property has a total square footage of 225,000 and is categorized as an office space. The loan amount for this transaction was $9,700,000, and it was classified as an acquisition loan.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,700,000
- Address: 3555 Timmons Lane, Houston, TX
- Market: Houston, TX
- Broker: Andrew Speer - Atlas CRE Capital
Andrew Speer from Atlas CRE Capital represented the buyer in this loan transaction.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93