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
About this deal
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.
On the Map
Office
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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