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David O'Reilly Of Howard Hughes Acquires Office Building At 10101 Woodloch Forest Drive For $16.3M

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SOLD
$16,300,000

Texas

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Office
Sold 05/20/2025
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SOLD

David O'Reilly Of Howard Hughes Acquires Office Building At 10101 Woodloch Forest Drive For $16.3M

10101 Woodloch Forest Drive

See Similar Deals
Office
Sold 05/20/2025
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Summary

TEXAS
Asset Type:Office
Transaction Type:Sale

The office asset located at 10101 Woodloch Forest Drive spans 1.3 acres and features a total of 200,000 square feet. It has recently sold for $16.3 million in The Woodlands market. The property, previously known as the McKesson Building, has undergone upgrades and is set to be rebranded as 7 Waterway.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $16,300,000
  • Address: 10101 Woodloch Forest Drive
  • Market: The Woodlands
  • Acres: 1.3
  • Buyer: David O'Reilly
  • Buyer’s Company: Howard Hughes

This transaction highlights the acquisition by David O'Reilly representing Howard Hughes, who had previously purchased Waterway Plaza II for $19.2 million in June 2024. The acquisition of the office building at 10101 Woodloch Forest Drive marks a strategic expansion for Howard Hughes in the area.

Players

David O'Reilly
3 deals$391.3M volume
BROKER

David O'Reilly
Howard Hughes Corporation
3 deals$391.3M volume
BUYER

Details

SOLD
IMAGE: David O'Reilly DATE: 05/20/2025 ADDRESS: 10101 Woodloch Forest Drive MARKET: The Woodlands ASSET TYPE: Office ~ ACRES: 1.3 BUYER: David O'Reilly - Howard Hughes (@HowardHughesCo) SALE PRICE: $16,300,000 NOTE: Howard Hughes has acquired the 10101 Woodloch Forest Drive office building in The Woodlands for $16.3 million and will rebrand it as 7 Waterway. The 200,000-square-foot property, formerly the McKesson Building, recently underwent upgrades and follows the firm’s $19.2 million purchase of Waterway Plaza II across the street in June 2024.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$869,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,270.32
Annual Debt Service$927,243.79