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10101 Woodloch Forest Drive

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

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

David O'Reilly

Howard Hughes Corporation

Broker

$391.3M

vol

3 deals

Broker
David O'Reilly

David O'Reilly

Howard Hughes Corporation

Buyer

$391.3M

vol

3 deals

Buyer

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