Edge Realty Partners Represents Sale Of Medical Office In Houston On Hillcroft Avenue
3222 Hillcroft Avenue, Houston, TX, USA
Building Size
17,150 SF
Asset Type
Office
Closing
Nov 8, 2020
AI
A medical office located at 3222 Hillcroft Avenue in Houston has been sold. The transaction took place on November 9, 2020. This medical office, spanning 17,150 square feet, was listed for sale in the Houston market. The property was represented by brokers Micha Van Marcke and Chace Henke from Edge Realty Partners.
Summary of transaction details:
- Property Type: Medical office
- Transaction Amount: Not available
- Address: 3222 Hillcroft Avenue, Houston
- Market: Houston
- Brokers: Micha Van Marcke & Chace Henke - Edge Realty Partners
- Square footage: 17,150
The sale of this medical office was facilitated by brokers Micha Van Marcke and Chace Henke from Edge Realty Partners. They worked diligently to represent the buyer and seller in this transaction.
Players
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