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1255 Enclave Parkway

Fatih Ay Of Harmony Public Schools Acquires Office Building In Houston's Energy Corridor
SOLDOffice

Fatih Ay Of Harmony Public Schools Acquires Office Building In Houston's Energy Corridor

1255 Enclave Parkway

Building Size

171,091 SF

Asset Type

Office

Closing

Feb 18, 2025

AI

The office asset located at 1255 Enclave Parkway encompasses a total of 171,091 square feet on a 6.75-acre site within Houston’s Energy Corridor. The property has been acquired by Harmony Public Schools.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Undisclosed
  • Address: 1255 Enclave Parkway
  • Market: Houston
  • Square Footage: 171,091
  • Acres: 6.75
  • Buyer: Fatih Ay - Harmony Public Schools
  • Broker Representatives: Kevin McConn & Martin Hogan - JLL

In this transaction, JLL's Kevin McConn and Martin Hogan represented the seller, facilitating the acquisition process for Harmony Public Schools. The transaction highlights the strategic movement within the market as organizations expand their operational spaces.

Players

Martin Hogan

JLL

Broker

$69M

vol

42 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