Formation Capital Acquires ±147,135 SF Office Building In Houston From Geosam Capital
16666 Northchase Drive
Building Size
147,135 SF
Asset Type
Office
Closing
Oct 25, 2023
AI
Formation Capital has acquired a ±147,135 square foot office building located at 16666 Northchase Drive in the North Houston District. The property was sold by Geosam Capital and was represented by David Carter of Colliers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 147,135
- Address: 16666 Northchase Drive, Houston
Formation Capital, represented by Arnold Whitman, purchased the office building at 16666 Northchase Drive from Geosam Capital. David Carter of Colliers played the role of broker in the deal.
Players
Osceola Mills 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