JLL Capital Markets Sells Woodlake Plaza Office Building In Houston To Private Owner/User
2600 South Gessner Road
Building Size
106,310 SF
Asset Type
Office
Closing
Jul 18, 2025
About this deal
AI
Woodlake Plaza is an office building located at 2600 South Gessner Road, Houston, with a total area of 106,310 square feet and situated on 3.5 acres. The property was constructed in 1974 and features amenities such as a conference room and parking space for 292 vehicles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2600 South Gessner Road
- Market: Houston
- Broker: Martin (Marty) Hogan - JLL
JLL Capital Markets facilitated the sale of Woodlake Plaza to a private owner/user, marking a significant transaction in the Houston real estate market. Martin (Marty) Hogan represented the buyer in this deal.
On the Map
Office
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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