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
About this deal
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.
On the Map
Office
View full map
Players
Perry Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas office sales on Traded.
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