SOLDOffice
11811 Properties Acquires Office Building In Houston For 79,956 SF On 2.4 Acres
11811 East Fwy, Houston, TX, USA
Building Size
79,956 SF
Asset Type
Office
Closing
Aug 16, 2021
AI
An office property located at 11811 East Fwy # 190 in Houston has been sold. The transaction took place on August 17, 2021, with a total area of 79,956 square feet on a 2.4-acre lot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 11811 East Fwy # 190, Houston
- Market: Houston
- Size: 79,956 square feet
- Acreage: 2.4 acres
The buyer of the property is 11811 Properties. The seller was represented by David Carter from Colliers International and the buyer was represented by Guy Brown from Texas Overland.
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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