Jiyen Shin Acquires Office Property From Dr. Vicki Lynn Schnell At 1015 Medical Center Boulevard
1015 Medical Center Boulevard
Building Size
16,390 SF
Asset Type
Office
Closing
Oct 10, 2025
AI
The property asset involved in the transaction is an office space located at 1015 Medical Center Boulevard in Webster. It has a total square footage of 16,390. The transaction was conducted between the buyer, Jiyen Shin, and the seller, Dr. Vicki Lynn Schnell.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1015 Medical Center Boulevard
- Market: Webster
- Buyer: Jiyen Shin
- Seller: Dr. Vicki Lynn Schnell
- Brokers: Andrew Richmond, Andrew Fagundo, Michael Moreno & Rahul Chhajed - Matthews
- Date of Transaction: 10/10/2025
Key individuals in this transaction include brokers Andrew Richmond, Andrew Fagundo, Michael Moreno, and Rahul Chhajed, who represented the parties involved in the deal through their agency, Matthews.
Players
Webster 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93