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16701 Greenspoint Park Drive

David Carter Of Colliers Facilitates Sale At 16701 Greenspoint Park Drive, Houston
SOLDOffice

David Carter Of Colliers Facilitates Sale At 16701 Greenspoint Park Drive, Houston

16701 Greenspoint Park Drive

Building Size

89,820 SF

Asset Type

Office

Closing

Mar 18, 2024

AI

An office building spanning approximately 89,820 square feet, located at 16701 Greenspoint Park Drive in Houston, situated on 3.63 acres of land was recently sold in Houston's North Houston District. The three-story Intercontinental Park III features a multi-tenant setup, a three-story atrium lobby, ample parking, and a peaceful campus-like setting within the North Belt/Greenspoint office submarket.

Summary of transaction details:

Colliers International played a crucial role in facilitating the sale of the office building, representing both the private buyer and seller. The property offers a serene environment with its campus-like setting, making it an attractive investment opportunity in the bustling North Houston District.

Players

David Carter

Colliers

Broker

24 deals

Broker

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