Taconic Capital Advisors & Triten Real Estate Partners Acquire 428,629 SF Office In Houston
1111 Fannin Street, Houston, TX, USA
Building Size
428,629 SF
Asset Type
Office
Closing
Nov 30, 2020
About this deal
AI
An office property located at 1111 Fannin Street in Houston has recently been sold. The transaction took place on 12/01/2020. The property spans a total area of 428,629 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
The property was purchased by Taconic Capital Advisors and Triten Real Estate Partners, represented by Scott Arnoldy. The buying entities were advised by Dan Miller, Martin Hogan, and Ethan Goldberg from JLL.
Traded’s record for 1111 Fannin Street, Houston, TX, USA in Houston, Texas covers a office sale from 2020. The building is 428,629 square feet, implying about 0 per square foot on the published price. Martin (Marty) Hogan, Danny (Dan) Miller, Ethan Goldberg, JLL appear on the sale alongside JLL. This page is the Houston, Texas file for the 1111 Fannin Street, Houston, TX, USA office sold: pricing, party profiles, and other closed office comps from the same Houston sit in the Market section below. Filter that Houston office set by closing date to see what else sold near 1111 Fannin Street, Houston, TX, USA around 2020. Cite this Taconic Capital Advisors & Triten Real Estate Partners Acquire 428,629 SF Office In Houston sale when underwriting similar office product around Houston, Texas.
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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