Hertz Investment Group Acquires 806541 SF Property At 2800 N Loop W Houston
2800 N Loop W, Houston, TX, 77092
Building Size
806,541 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
This transaction involves the sale of Brookhollow Central I, II, and III, a portfolio comprising three office buildings located at 2800 N Loop W, Houston, TX 77092. The total square footage of the properties is 806,541, situated within the Houston market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 2800 N Loop W, Houston, TX 77092
- Market: Houston
- Seller's Representative: Martin "Marty" Hogan-JLL, Danny "Dan" Miller
- Buyer: Hertz Investment Group
- Seller: Parmenter
Martin "Marty" Hogan and Danny "Dan" Miller from HFF represented the seller, Parmenter, which is based in Miami. The buyer, Hertz Investment Group, is located in California and acquired the properties in this 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