1113 Vine Street Office Building Sold In Houston By Lee Roy Murray III To 1113 Vine Street Holdings, LLC
1113 Vine Street, Houston, TX 77002, USA
Building Size
33,000 SF
Asset Type
Office
Closing
Sep 16, 2021
AI
1113 Vine Street, located in Houston, was recently sold in a transaction dated September 16, 2021. The property is an office building spanning approximately 33,000 square feet and sits on 2.26 acres of land. The sale was facilitated by Rick Walker of CXRE, representing the buyer, 1113 Vine Street Holdings, LLC. The seller, Lee Roy Murray III, was represented by David Schwarz III and Carlos P. Bujosa of Transwestern.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1113 Vine Street
- Market: Houston
- Size: 33,000 square feet
- Buyer: 1113 Vine Street Holdings, LLC
- Seller: Lee Roy Murray III
- Buyer's Representative: Rick Walker - CXRE
- Seller's Representatives: David Schwarz III & Carlos P. Bujosa - Transwestern
The successful sale of 1113 Vine Street was made possible by the collaborative efforts of the buyer's representative, Rick Walker, from CXRE, and the seller's representatives, David Schwarz III and Carlos P. Bujosa, from Transwestern. This transaction marks a significant milestone for both the buyer, 1113 Vine Street Holdings, LLC, and the seller, Lee Roy Murray III, further enhancing their respective real estate portfolios in Houston.
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