Gracelli Studios Acquires Cypress Office Building Through Dave Jensen And Cotton Munson
11704 Cypress North Houston Road
Building Size
4,500 SF
Asset Type
Office
Closing
Mar 19, 2024
About this deal
AI
An office building spanning 4,500 square feet, located at 11704 Cypress North Houston Road in Cypress, was recently sold in a transaction. The property, constructed in 1976, was acquired by Gracelli Studios. The sale was facilitated by Cotton Munson of Davis Commercial, representing the private investors who were the sellers, while Dave Jensen of Connect Realty TX represented the buyer.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Cypress
- Buyer: Gracelli Studios
- Seller's Rep: Cotton Munson - Davis Commercial
- Buyer's Rep: Dave Jensen - Connect Realty TX
Davis Commercial and Connect Realty TX acted as the respective representatives for the sellers and buyers in this office property transaction. Cotton Munson of Davis Commercial brokered the sale to Gracelli Studios, marking an exchange of ownership in the northwest Houston area.
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Office
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Cypress 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