CDC Houston Acquires Office Property On City Plaza Drive In Spring
1700 City Plaza Drive, Spring, Texas 77389, United States
Building Size
477 SF
Asset Type
Office
Closing
Jan 10, 2023
About this deal
AI
An office property located at 1700 City Plaza Drive and 1701 City Plaza Drive in Spring has been sold in a recent transaction. The property spans a total area of 477,000 square feet and is classified as an office asset.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1700 City Plaza Drive & 1701 City Plaza Drive
- Market: Spring
The buyer of the property is CDC Houston, while the seller is the Patrinely Group, along with Len O'Donnell representing USAA Real Estate.
On the Map
Office
View full map
Players
Spring Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
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