Realty.com Acquires 400,000 SF Office Building In Houston
363 N Sam Houston Pkwy E, Houston, TX 77060, USA
Building Size
400,000 SF
Asset Type
Office
Closing
Aug 25, 2020
About this deal
AI
The 20-story, Class A office property located at 363 North Sam Houston Parkway East in Houston has been sold. The transaction took place on August 26, 2020, with Realty.com acting as the buyer represented by Lance Custen. The property spans 400,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 363 North Sam Houston Parkway East
- Market: Houston
The 20-story, Class A office property, built in 1982 and renovated between 2016 and 2019, was acquired by Realty.com, with Lance Custen serving as their representative in the transaction.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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