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Kashi Atrium Acquires Six-Story Office Building From Fullerton Properties In Webster For Significant Value-Add Opportunities
SOLD
Texas
See Similar DealsOffice107,529 SF
Sold 09/20/2024
SOLD
Kashi Atrium Acquires Six-Story Office Building From Fullerton Properties In Webster For Significant Value-Add Opportunities
18333 Egret Bay Boulevard
See Similar DealsOffice107,529 SF
Sold 09/20/2024
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:107,529 SF
Transaction Type:Sale
The property asset involved in the transaction is an office building located at 18333 Egret Bay Boulevard in Webster, Texas. It encompasses 107,529 square feet and is situated on a 4.23-acre lot. The asset was recently renovated in 2004 and is currently 79% leased, providing a flexible layout and significant value-add opportunities through leasing vacant space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 18333 Egret Bay Boulevard
- Market: Webster
- Square Footage: 107,529
- Acres: 4.23
- Buyer: Kashi Atrium
- Seller: Fullerton Properties
- Buyer’s Representative: Patrick Hill - Colliers
- Seller’s Representative: Martin Hogan - JLL
The transaction involved local investor Kashi Atrium LLC acquiring the Atrium Crest office building, with JLL acting as the representative for seller Fullerton Properties. This acquisition allows for potential development as the building offers significant value-add opportunities.
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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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