Voss Law Acquires 8,300 SF Office Building In Spring From Sarah Richardson
26414 Oak Ridge Dr Spring, TX 77380, USA
Building Size
8,300 SF
Asset Type
Office
Closing
Aug 30, 2023
About this deal
AI
An 8,300-square-foot office building located at 26414 Oak Ridge Drive in Spring, Texas has been sold. The property, brokered by Newcor Commercial Real Estate, was purchased by Voss Law from the owner, Sarah Richardson of TruRealty Properties. The transaction took place on August 30, 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
Adriatico Group represented the buyer, Voss Law, in the deal. Ryan Dierker, from Newcor Commercial Real Estate, acted as the seller's representative. The sale of the office building was facilitated by Newcor representing TruRealty Properties and Adriatico Group representing Voss Law.
On the Map
Office
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Spring 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