David O'Reilly Of Howard Hughes Acquires Office Building At 10101 Woodloch Forest Drive For $16.3M
10101 Woodloch Forest Drive
$16,300,000
Building Size
—
Asset Type
Office
Closing
May 20, 2025
AI
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
Spring 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93