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2829 West Loop South, Houst...

Zeus Equity Group Acquires Office Property In Houston For Sale At 2829 West Loop S
SOLDOffice

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

David Luther

NewQuest Properties

Broker

9 deals

Broker
Steven Kaufman

Steven Kaufman

Kaufman Organization

Buyer

$78M

vol

6 deals

Buyer

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