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16225 Park Ten Place, Houst...

Interra Capital Group Acquires Office Property In Houston With JLL Brokers
SOLDOffice

Interra Capital Group Acquires Office Property In Houston With JLL Brokers

16225 Park Ten Place, Houston, Texas 77084, United States

Building Size

162,919 SF

Asset Type

Office

Closing

May 17, 2022

AI

The property involved in the transaction is an office space located at 16225 Park Ten Place in Houston. It has a size of 162,919 square feet and sits on 550 acres of land.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 16225 Park Ten Place
  • Market: Houston
  • Size: 162,919 square feet
  • Land Area: 550 acres

The buyer in this transaction is Interra Capital Group, represented by Jack Polatsek. The seller is Accesso Partners, represented by John Rivard. The deal was facilitated by Marty Hogan and Kevin McConn from JLL.

Players

Martin Hogan

JLL

Broker

$69M

vol

42 deals

Broker
Accesso Partners
Accesso PartnersBrokerage

Jack Polatsek

Interra Capital Group

Buyer

3 deals

Buyer

John Rivard

Seller

$135M

vol

2 deals

Seller

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