Fuller Realty Partners & ICP Funds Acquire Office Building In Houston
15115 Park Row, Houston, Texas 77084, United States
Building Size
157,759 SF
Asset Type
Office
Closing
Apr 20, 2022
AI
Fuller Realty Partners and ICP Funds have acquired an office property located at 15115 Park Row in Houston. The asset spans approximately 157,759 square feet. The transaction took place on April 21, 2022. The seller of the property was USAA Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified in the CONTEXT
- Address: 15115 Park Row
- Market: Houston
- Size: 157,759 square feet
Representing Fuller Realty Partners and ICP Funds in the deal were brokers Rick Goings, Kevin McConn, Marty Hogan, and Jack Moody from JLL Capital Markets. On the other hand, Cameron Cureton and Wally Reid from JLL served as mortgage brokers in the transaction.
Players
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