Geosam Capital Sells 87,282 SF Office Building In Houston To Private Buyer
263 North Sam Houston Parkway East
Building Size
87,282 SF
Asset Type
Office
Closing
Nov 8, 2023
AI
A ±87,282 square foot office building in the North Houston District has been sold to a private buyer. The property, located at 263 North Sam Houston Parkway East, Houston, Texas, was sold by Geosam Capital. The transaction was facilitated by David Carter of Colliers.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 87,282
- Address: 263 North Sam Houston Parkway East, Houston, Texas
- Market: Houston
Geosam Capital, the seller of the office building, was represented by David Carter of Colliers in the transaction.
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