35 South Capital Acquires 150,000 SF Office In Houston
10497 Town and Country Way, Houston, Texas 77024, United States
Building Size
150,000 SF
Asset Type
Office
Closing
Jul 27, 2022
About this deal
AI
Located at 10497 Town and Country Way in Houston, this office property spans across 150,000 square feet. The transaction was a sale, with the sale date recorded as July 28, 2022. The property was sold by Equus Capital Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Houston
- Address: 10497 Town and Country Way
- Property Size: 150,000 square feet
The buyer in this transaction was 35 South Capital. Representing the buyer, Chris Lewis from Lee & Associates played a key role as their broker. On the selling side, Kevin McConn and Rick Goings from JLL Capital Markets served as the brokers for Equus Capital Partners.
On the Map
Office
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Players
Houston 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