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12777 Jones Road, Houston, ...

Belvoir Real Estate Group LLC Acquires Office Building In Houston For 119,388 SF
SOLDOffice

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

Matthew Goldsby

Broker

2 deals

Broker
BL
Belvoir Real Estate Group LLCBuyer

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