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13831 Northwest Fwy, Housto...

ManhattanLife Acquires Property From Boxer Properties With Buyer’s Rep Jon Silberman In Houston
SOLDOffice

ManhattanLife Acquires Property From Boxer Properties With Buyer’s Rep Jon Silberman In Houston

13831 Northwest Fwy, Houston, TX, 7...

Building Size

151,835 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

A 151,835-square-foot office building has been sold, located at 13831 Northwest Freeway in the Fairbanks/Northwest Crossing area of Houston. The property is situated in a strategic market and adds to the existing real estate portfolio of the buyer.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Not disclosed
  • Address: 13831 Northwest Fwy, Houston, TX
  • Market: Houston
  • Buyer: ManhattanLife
  • Seller: Boxer Properties
  • Buyer’s Representative: Jon Silberman - NAI Capital
  • Seller’s Representative: Jay Nowlin - Boxer Properties
  • Square Footage: 151,835

Jon Silberman from NAI Partners represented ManhattanLife in this transaction, marking the buyer's continued investment in commercial real estate. Jay Nowlin served as the internal representative for Boxer Properties, facilitating the sale on behalf of the seller.

Players

Jon Silberman

Partners Real Estate

Broker

12 deals

Broker

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