Colliers International Represents 1220 Augusta LLC In Acquisition Of Office Building On Augusta Drive In Houston
1220 Augusta Drive, Houston, TX, USA
Building Size
112,867 SF
Asset Type
Office
Closing
May 3, 2021
AI
An office property located at 1220 Augusta Drive in Houston has been sold. The transaction took place on 05/04/2021, with the property being acquired by 1220 Augusta LLC. The office building spans a total of 112,867 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1220 Augusta Drive
- Market: Houston
- Square Footage: 112,867
The sale of the office property was facilitated by Christopher D. Winters & Jay Kyle from Colliers International who represented the buyer, 1220 Augusta LLC, in the transaction.
Players
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