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1015 Medical Center Boulevard

Jiyen Shin Acquires Office Property From Dr. Vicki Lynn Schnell At 1015 Medical Center Boulevard
SOLDOffice

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

Michael Moreno

Matthews

Broker

$116.4M

vol

18 deals

Broker
Matthews
Matthews Brokerage

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