facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

14897 Southwest Freeway, Su...

Virtus Real Estate Capital Acquires Office Building In Sugar Land For Sale
SOLDOffice

Virtus Real Estate Capital Acquires Office Building In Sugar Land For Sale

14897 Southwest Freeway, Sugar Land, TX, USA

Building Size

90,014 SF

Asset Type

Office

Closing

Mar 16, 2021

AI

The office property located at 14815-14897 Southwest Freeway in Sugar Land has been sold in a transaction. The property spans over 90,014 square feet and sits on approximately 6 acres. The sale took place on 03/17/2021.

Summary of transaction details

Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, and Brandy Bellow Spinks from CBRE represented the parties involved in this transaction. They played a crucial role in facilitating the deal between Norvin Healthcare Properties, the seller, and Virtus Real Estate Capital, the buyer.

Players

Christopher Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker
VC
Virtus Real Estate CapitalBuyer
NP
Norvin Healthcare PropertiesSeller

Sugar Land Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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