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
About this deal
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.
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