Level X Group Acquires Office Building In Houston From Tarantino Properties
2100 West Loop South, Houston, TX 77027, USA
Building Size
165,399 SF
Asset Type
Office
Closing
Oct 7, 2022
About this deal
AI
The sale of an office property located at 2100 West Loop South in Houston has been completed. The property has a total area of 165,399 square feet. The transaction took place on October 7, 2022. Tarantino Properties served as the seller in this deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
Level X Group, represented by TJ Patel & Mitesh Patel, acquired the property from Tarantino Properties. TJ Patel & Mitesh Patel acted as the buyer's representatives in the transaction.
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