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1150 Gemini Street, Houston...

JMK5 Holdings Acquires 158,976 SF Office In Houston From Universal Weather & Aviation LLC
SOLDOffice

JMK5 Holdings Acquires 158,976 SF Office In Houston From Universal Weather & Aviation LLC

1150 Gemini Street, Houston, Texas 77058, United States

Building Size

158 SF

Asset Type

Office

Closing

Apr 17, 2023

AI

The property involved in this transaction is an office located at 1150 Gemini St in Houston. The property has a total square footage of 158,976. The sale took place on January 16, 2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 1150 Gemini St
  • Market: Houston
  • Square Footage: 158,976

The buyer in this transaction is JMK5 Holdings, while the seller is Universal Weather & Aviation LLC. The buyer was represented by Noah Kruger from Savills, and the seller was represented by Cary Latham, Wyatt Huff, and Dan Boyles from Partners.

Players

Dan Boyles

Partners Real Estate

Broker

19 deals

Broker

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