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15115 Park Row, Houston, Te...

Fuller Realty Partners & ICP Funds Acquire Office Building In Houston
SOLDOffice

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

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Fuller Realty Partners
Fuller Realty PartnersBuyer
USAA Real Estate
USAA Real EstateSeller
USAA Real Estate
USAA Real EstateLender

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