DRH & Associates, Inc. Acquires Office Building In Houston For $Undisclosed
16920 Park Row, Houston, TX, USA
Building Size
5,304 SF
Asset Type
Office
Closing
Jul 31, 2020
AI
The office property located at 16920 Park Row Blvd in Houston has been sold. The transaction took place on July 31, 2021. The property spans a total area of 5,304 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
The seller of the property was Four T Management, while the buyer was DRH & Associates, Inc. Representing the seller in the deal were Jason Herbrich and Anthony Fritsche from Fritsche Anderson Realty Partners. Evelyn R. Ward and Paula Musa from Transwestern acted as the buyer's representatives.
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