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
About this deal
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.
On the Map
Office
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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