SLS Properties Acquires Vacant Office Building In Houston For $27 Million From Jetall Capital

The property asset involved in this transaction is a vacant office building located at 2425 West Loop South in Houston. The building has a total square footage of 285,000, and it was sold for a price of $27,000,000. The price per square foot for this transaction is $95. The asset was previously owned by an entity under Jetall Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $27,000,000
• Buyer: Danny Sheena - SLS Properties
• Seller: Ali Choudhri - Jetall Capital
• Brokers: Davis Adams, Martin Hogan & Rick Goings - JLL
• Square Footage: 285,000
• Price per Square Foot: $95

The transaction involved Danny Sheena, representing SLS Properties as the buyer, and Ali Choudhri, representing Jetall Capital as the seller. The brokerage team from JLL, consisting of Davis Adams, Martin Hogan, and Rick Goings, facilitated the deal. SLS Properties acquired the building through a bankruptcy sale and plans to undertake renovations as they aim to attract new tenants and expand their portfolio in the Houston market.