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DML Capital Acquires 171510 Square Foot Office Building On Bering Drive From KBS
SOLD
+ 1
Texas
See Similar DealsOffice171,510 SF
Sold
SOLD
DML Capital Acquires 171510 Square Foot Office Building On Bering Drive From KBS
1800 Bering Drive
See Similar DealsOffice171,510 SF
Sold
+ 1
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:171510 SF
Transaction Type:Sale
The transaction involved the sale of an office asset located at 1800 Bering Drive in Houston, comprising a total area of 171,510 square feet. The property type is classified as Class A office space. The transaction took place in the Houston market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1800 Bering Drive
- Market: Houston
- Asset Size: 171,510 SF
- Buyer: Sajjid Dawood - DML Capital
- Seller: Charles Schreiber Jr - KBS
- Brokers: Kevin McConn & Marty Hogan - JLL
KBS upgraded the property with enhancements to the lobby, common areas, and exterior before marketing it through JLL Capital Markets. The brokers involved in the transaction were Kevin McConn and Marty Hogan from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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