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1500 Citywest Boulevard, Ho...

BioUrja Group Acquires Office Property On Citywest Blvd, Houston
SOLDOffice

BioUrja Group Acquires Office Property On Citywest Blvd, Houston

1500 Citywest Boulevard, Houston, TX 77042

Building Size

192,313 SF

Asset Type

Office

Closing

Jan 11, 2022

AI

The BioUrja Group has acquired an office property located at 1500 Citywest Blvd in Houston, TX. The property encompasses approximately 192,313 square feet and sits on 3.93 acres. The transaction was completed on January 11, 2022.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1500 Citywest Blvd, Houston, TX
  • Market: Houston, TX
  • Size: 192,313 square feet
  • Acreage: 3.93 acres

The buyer, BioUrja Group, was represented by Amit Bhandari. The seller in this transaction was Bridge Investment Group. BioUrja Group's representatives, Josh Morrow and Collin Roach from Avison Young, facilitated the deal on behalf of the buyer. On the other side, Rick Goings and Jack Moody from JLL Capital Markets served as the seller's representatives.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Bridge Investment Group
Bridge Investment GroupSeller
Bridge Investment Group
Bridge Investment GroupLender

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