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11490 Westheimer Rd, Housto...

Younan Properties Acquires Office Building On Westheimer Rd In Houston
SOLDOffice

Younan Properties Acquires Office Building On Westheimer Rd In Houston

11490 Westheimer Rd, Houston, TX, USA

Building Size

232,000 SF

Asset Type

Office

Closing

Apr 26, 2021

AI

Located at 11490 Westheimer Rd in Houston, this office property is part of a closed transaction that took place on April 27, 2021. Spanning a total of 232,000 square feet, the property was sold by Hertz Investment Group's representative, Zev Hertz, to Younan Properties, represented by Zaya S. Younan. The transaction was facilitated by broker Danny Miller from HDM Realty Advisors.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified in the CONTEXT

Zev Hertz, representing Hertz Investment Group, played a pivotal role as the seller in this deal. On the other hand, Zaya S. Younan, representing Younan Properties, acted as the buyer. The successful transaction was made possible with the assistance of broker Danny Miller from HDM Realty Advisors.

Players

Danny Miller

Broker

15 deals

Broker

Zaya S. Younan

Younan Properties

Buyer

2 deals

Buyer

Zev Hertz

Hertz Investment Group

Seller

2 deals

Seller

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