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13623 Perry Road

Antelmo Investments Acquires 2.67 Acre Office Building In Houston For Hernandez Funeral Homes
SOLDOffice

Antelmo Investments Acquires 2.67 Acre Office Building In Houston For Hernandez Funeral Homes

13623 Perry Road

Building Size

5,785 SF

Asset Type

Office

Closing

Sep 25, 2023

AI

Colliers has sold a ±2.67 acre site in Houston, Texas, with a ±5,785 square foot office building to Antelmo Investments. The buyer intends to convert the building into an expansion location for Hernandez Funeral Homes, with financing provided by Lone Star Bank.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Property Size: 5,785 square feet
  • Land Size: 2.67 acres
  • Address: 13623 Perry Road, Houston
  • Market: Houston

Kariliz Perez of Stone & Fields represented the buyer, Antelmo Investments, in the transaction. Tom Condon, Jr. and John Grimsley of Colliers served as the seller's representatives. It is noteworthy that Lone Star Bank provided financing for the deal.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker
LSNB - Lone Star National Bank
LSNB - Lone Star National BankLender

Perry 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