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301 Wells Fargo Drive, Hous...

Hillview Capital Partners Acquires Office Building In Houston From Partners Capital For $UndisclosedM
SOLDOffice

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

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:

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.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker

Arjun Raghavan

Seller

$14.8M

vol

2 deals

Seller
S3 Capital
S3 CapitalSeller
S3 Capital
S3 CapitalLender

Houston Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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