Belvoir Real Estate Group Acquires 85050 SF Office In Houston From Stream Realty Partners
15810 Park Ten Pl, Houston, TX, 77084
Building Size
85,050 SF
Asset Type
Office
Closing
Feb 18, 2019
AI
The property involved in the transaction is located at 15810 Park Ten Place in Houston, TX, 77084. It is an 85,050-square-foot Class B office property situated in Houston's Energy Corridor. The sale took place on February 18, 2019, with Belvoir Real Estate Group and Mission Cos. acquiring the property. JLL's Kevin McConn, Rudy Hubbard, and Rick Goings represented the seller, a joint venture between Chief Partners and Stream Realty Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Seller: Stream Realty Partners
- Buyer: Belvoir Real Estate Group
- SF: 85,050
- Seller's Representatives: Rick Goings (JLL), Rudy Hubbard (JLL)
The joint venture between Belvoir Real Estate Group and Mission Cos. successfully acquired the office property in Houston. The seller, a collaboration between Chief Partners and Stream Realty Partners, entrusted the sales efforts to JLL's team consisting of Kevin McConn, Rudy Hubbard, and Rick Goings. The transaction details, including the sale price and additional terms, were not disclosed in the public announcement.
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