facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Sale

/

333 Cypress Run, Houston, T...

Updated Oct 29, 2024

Fuller Realty Partners Acquires Parkview I & II Office Complex In Houston
SOLDOffice

Fuller Realty Partners Acquires Parkview I & II Office Complex In Houston

333 Cypress Run, Houston, TX, 77094

Building Size

176,000 SF

Asset Type

Office

Closing

Jun 14, 2019

About this deal

AI

Located at 330 Barker Cypress Road, Parkview I is a four-story building completed in 1987, while Parkview II is a three-story building developed in 1986, situated at 333 Cypress Run in Houston, TX. The office complex comprises two assets totaling 176,000 square feet and is strategically positioned less than 1 mile south of Interstate 10 and 22 miles west of downtown Houston. At the time of sale, the portfolio was 11 percent leased.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Seller's Representative: Rick Goings(JLL), Rudy Hubbard(JLL)
  • Buyer: Fuller Realty Partners
  • Square Footage: 176,000

The JLL team comprising Vice President Rick Goings, Managing Director Rudy Hubbard, and Senior Vice President Kevin McConn represented LNR Partners in the sale of the Parkview I and Parkview II office buildings to Fuller Realty Partners. In addition to this transaction, another JLL team recently assisted in the sale of the Milford Crossing Shopping Center, a roughly 372,000-square-foot retail center located in Milford, Conn.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Fuller Realty Partners
Fuller Realty PartnersBuyer

Houston Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

Visit Rick Goings to view all their deals.

Browse Texas office sales on Traded.

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

More Deals

Nearby Markets