DZMI Acquires Kirkwood Tower Office Property In Houston For 285682 Square Feet
11757 Katy Freeway
Building Size
285,682 SF
Asset Type
Office
Closing
Jan 5, 2026
About this deal
AI
The property involved in this transaction is an office space located at 11757 Katy Freeway in Houston, encompassing a total area of 285,682 square feet. The transaction marks the acquisition of Kirkwood Tower, positioned within Houston's Energy Corridor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11757 Katy Freeway
- Market: Houston
- Asset Size: 285,682 SF
- Buyer: DZMI
- Buyer's Representative: Matthew Asvestas - Stream Realty Partners
- Seller's Representatives: Jeff Hollinden & Rick Goings - JLL
Matthew Asvestas represented DZMI in this transaction, while the sellers were represented by Jeff Hollinden and Rick Goings from JLL. The collaboration among these professionals facilitated the successful acquisition of the property.
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