S&B Engineers & Contractors Ltd Acquires Property In Houston At 15150 Memorial Dr
15150 Memorial Dr, Houston, TX, 77079
Building Size
155,118 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 15150 Memorial Dr, Houston, TX, 77079. It is situated in the Houston market and encompasses a total square footage of 155,118. This property was constructed in 1992 and is positioned in the Energy Corridor area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15150 Memorial Dr, Houston, TX, 77079
- Market: Houston
- Square Footage: 155,118
- Buyer: S&B Engineers & Contractors Ltd
- Seller's Representative: Danny "Dan" Miller
The deal involved the representation of the seller, Houston-based MetroNational, by Dan Miller and Trent Agnew of HFF, facilitating the transaction between S&B Engineers & Contractors Ltd and the seller.
On the Map
Office
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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