Atlanta Investor Acquires The Preserve At North Loop Office Campus From Silver Star Properties REIT
2000 North Loop West, 2000-2060 North Loop West & 2060 North Loop West
Building Size
219,000 SF
Asset Type
Office
Closing
Jul 9, 2026
About this deal
AI
The Preserve at North Loop is located at 2000-2060 North Loop West in Houston, TX. The property is a 219,000-square-foot, seven-building office campus with a Class B designation. At the time of the sale, it was 65% occupied.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 219,000
- Address: 2000-2060 North Loop West
- Market: Houston, TX
- Seller: Gerald Haddock - Silver Star Properties REIT, Inc.
- Broker Representatives: Keith Lloyd & Brad Mills - Marcus & Millichap
An Atlanta-based investor acquired the property from Silver Star CRE, a subsidiary of Silver Star Properties REIT. The buyer intends to renovate and modernize the campus while maintaining operations throughout the renovations.
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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