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
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