Fuller Westchase Place Ltd Acquires 11200 Richmond Ave Office Building In Houston
11200 Richmond Ave, Houston, TX, 7...
Building Size
150,000 SF
Asset Type
Office
Closing
Sep 10, 2019
About this deal
AI
The property involved in the transaction is Westchase Place, a 150,000-square-foot office building located at 11200 Richmond Ave in Houston. The building includes a three-level parking garage and was constructed in 1999 with renovations carried out in 2009 and 2013.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 11200 Richmond Ave, Houston, TX
- Market: Houston
- Seller's Reps: Rick Goings(JLL), Rudy Hubbard(JLL), Kevin McConn(JLL)
- Buyer: Fuller Westchase Place Ltd
The sale of Westchase Place was negotiated by Rudy Hubbard, Kevin McConn, and Rick Goings from JLL, representing the seller, CAPSTAR Real Estate Advisors. The buyer, Fuller Westchase Place Ltd, is affiliated with locally based Fuller Realty Partners.
On the Map
Office
View full map
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas office sales on Traded.
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