Investor Acquires 2401 Fountain View Drive Office Building In Houston Represented By David Carter
2401 Fountain View Drive
Building Size
178,000 SF
Asset Type
Office
Closing
Sep 19, 2025
AI
An undisclosed investor purchased a 178,000-square-foot, 10-story Class-B office building located at 2401 Fountain View Drive in Houston's San Felipe/Voss submarket near The Galleria. The property is currently 69% leased and has undergone $1.8 million in upgrades over the past five years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 2401 Fountain View Drive
- Market: Houston
- Square Footage: 178,000
- Asset Class: Class-B
- Leasing Status: 69% leased
- Recent Upgrades: $1.8 million in the last five years
- Broker: David Carter - Colliers
- Seller's Representative: David L. Carter - Colliers
David Carter of Colliers represented the seller in this transaction, facilitating the sale in a competitive market environment. The strategic location near The Galleria enhances the property's appeal for potential investors.
Players
Houston 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