Cary Latham Of Partners Real Estate Represents Seller In Sale Of 11301 Fallbrook Dr Houston TX
11301 Fallbrook Dr, Houston, TX, 77065
Building Size
61,165 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The Steeplechase Professional Building is a 61,165-square-foot medical office building complex located at 11301 Fallbrook Dr, Houston, TX, 77065. It was sold in the Houston market, providing significant space for medical-related operations.
Summary of transaction details:
- Property Type: Medical Office Building
- Transaction Amount: Not disclosed
- Address: 11301 Fallbrook Dr, Houston, TX, 77065
- Market: Houston
- Seller's Representative: Cary Latham - Partners Real Estate
- Buyer: Undisclosed
Cary Latham of NAI Partners represented Partners Capital in this transaction. Partners Capital is the investment and development arm of Partners Real Estate Co., which originally acquired the property in August 2017.
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