Realm Real Estate Properties Acquires 10,000 SF Office In Tomball With Buyer's Rep Joseph Pantoja & Seller's Rep Neal King
1600 East Hufsmith Road, Tomball, TX, USA
Building Size
10,000 SF
Asset Type
Office
Closing
Dec 20, 2020
AI
An office property located at 1600 East Hufsmith Road in Tomball was recently sold. The property spans 10,000 square feet and was sold on December 21, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Market: Tomball
The seller of the property was Lone Oak Holdings, LLC. Representing the seller was Neal King from The J. Beard Real Estate Company. On the other hand, Joseph Pantoja from Realm Real Estate Properties served as the buyer's representative in the deal.
Players
Tomball 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