Hillview Capital Partners Acquires Office Building In Houston From Partners Capital For $UndisclosedM
301 Wells Fargo Drive, Houston, TX 77090, USA
Building Size
104,212 SF
Asset Type
Office
Closing
Sep 3, 2021
About this deal
AI
Located at 301 Wells Fargo Dr in Houston, this office property was recently sold in a transaction that took place on September 3, 2021. The property spans a total area of 104,212 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Houston
- Address: 301 Wells Fargo Dr
- Image: Trent Agnew, Arjun Raghavan & Charlie Strauss
The buyer of the property was Hillview Capital Partners, while the seller was Partners Capital, represented by Arjun Raghavan. The deal was facilitated by Trent Agnew and Charlie Strauss from JLL, who acted as brokers in the transaction.
On the Map
Office
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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