Silver Creek Realty Advisors Acquires 110,452 SF Office In Houston From Accesso Partners
1717 Saint James Place, Houston, Texas 77056, United States
Building Size
110,452 SF
Asset Type
Office
Closing
May 24, 2022
AI
The office property located at 1717 St. James Place in Houston has been sold. The transaction took place on May 25, 2022. The property is spread across 110,452 square feet and sits on a 2.3-acre lot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1717 St. James Place
- Market: Houston
- Size: 110,452 square feet
- Lot Area: 2.3 acres
The buyer of the property is Silver Creek Realty Advisors, while the seller is Accesso Partners. The transaction was facilitated by Marty Hogan and Kevin McConn from JLL.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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