Abdee Sharifan Acquires Office Property In Spring, TX On Old Holzwarth Road
1935 Old Holzwarth Road, Spring, TX 77388
Building Size
4,340 SF
Asset Type
Office
Closing
May 22, 2020
AI
A 4,340 square foot office property located at 1935 Old Holzwarth Road in Spring has been sold. The transaction took place on May 22, 2021, and the property sits on 1.97 acres of land. The seller, G Holts, LLC, sold the property to Abdee Sharifan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1935 Old Holzwarth Road
- Market: Spring
- Square Footage: 4,340
- Acres: 1.97
Trey Martin and Darren O’Conor, representing NAI Partners, acted as the seller's representatives in the deal. The buyer, Abdee Sharifan, was represented by Bob Conwell from NewQuest Properties.
Players
Spring Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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