Zeus Equity Group Acquires Office Property In Houston For Sale At 2829 West Loop S
2829 West Loop South, Houston, Texas 77027, United States
Building Size
—
Asset Type
Office
Closing
Apr 10, 2022
AI
An office property located at 2829 West Loop S in Houston has been sold in a recent transaction. The property is owned by Kids Loop Holdings Ltd and was purchased by Zeus Equity Group, represented by Steven Kaufman. The sale was facilitated by brokers Marc Peeler, Ashley Strickland, and David Luther from NewQuest Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2829 West Loop S, Houston
- Seller: Kids Loop Holdings Ltd
- Buyer: Zeus Equity Group - Steven Kaufman
- Brokers: Marc Peeler, Ashley Strickland, and David Luther - NewQuest Properties
This transaction marks the exchange of ownership of the office property located at 2829 West Loop S in Houston. Zeus Equity Group, represented by Steven Kaufman, acquired the property from Kids Loop Holdings Ltd. The successful sale was made possible through the expertise and support of brokers Marc Peeler, Ashley Strickland, and David Luther from NewQuest Properties.
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