1906 Heights Blvd Office Building In Houston Acquired By 1906 Heights, LLC
1906 Heights Boulevard, Houston, TX 77008
Building Size
3,600 SF
Asset Type
Office
Closing
Nov 13, 2021
About this deal
AI
A 3,600 square foot office located at 1906 Heights Blvd in Houston has been sold. The transaction took place on November 13, 2021, and the buyer was 1906 Heights, LLC. The seller, on the other hand, was Summit Path Investments, LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
Noah Kruger from Savills Real Estate represented the buyer, 1906 Heights, LLC, in this transaction. Ryan Neyland from Davis Commercial, on the other hand, represented the seller, Summit Path Investments, LLC.
On the Map
Office
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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