Belvoir Real Estate Group LLC Acquires Office Building In Houston For 119,388 SF
12777 Jones Road, Houston, TX, USA
Building Size
119,388 SF
Asset Type
Office
Closing
Feb 7, 2021
AI
The office property located at 12777 Jones Road in Houston has been sold. The transaction took place on February 8, 2021. The property, spanning over 119,388 square feet, was acquired by Belvoir Real Estate Group LLC. The sale was facilitated by Darrell Betts and Jessica Alexander from Avison Young, who represented the seller. On the buyer's side, Matthew Goldsby and Bradley Smith, both from Belvoir Real Estate Group LLC, acted as the buyer's representatives.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 12777 Jones Road
- Market: Houston
The sale of this office property at 12777 Jones Road in Houston marks an important transaction for both the buyer, Belvoir Real Estate Group LLC, and the seller. Although the specific transaction amount is not disclosed, the property's significant square footage demonstrates its capacity as a sizeable office space. With the assistance of the seller's representatives, Darrell Betts and Jessica Alexander from Avison Young, and the buyer's representatives, Matthew Goldsby and Bradley Smith from Belvoir Real Estate Group LLC, the deal successfully concluded.
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