Harris County Acquires Office Building On Lamar Street For $26M
1010 Lamar Street
$26,000,000
$86/SF
Building Size
301,713 SF
Asset Type
Office
Closing
Oct 30, 2023
About this deal
AI
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.
On the Map
$26,000,000
$86/SF
Office
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Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale 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