Harris County Acquires Office Building On Lamar Street For $26M
SOLD
$26,000,000
Texas
See Similar DealsOffice301,713 SF
Sold 10/30/2023
SOLD
Harris County Acquires Office Building On Lamar Street For $26M
1010 Lamar Street
See Similar DealsOffice301,713 SF
Sold 10/30/2023
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$86
Total Square Footage:301,713 SF
Transaction Type:Sale
Harris County has purchased an office property located at 1010 Lamar Street in Houston, TX. The transaction took place on October 30, 2023, with the property being sold for a total price of $26,000,000. The office building spans a total area of 301,713 square feet, resulting in a price per square foot of $86.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,000,000
- Address: 1010 Lamar Street
- Market: Houston, TX
- Square Footage: 301,713
- Price per Square Foot: $86
The seller's representatives for this transaction were Jason Presley and Evan Stone from Goodwin Advisors.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
Is there something missing? Send suggestions