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3657 Briarpark Drive

Jacques Bessoudo Of Galium Capital Acquires Office Building From Scott Arnoldy Jr And Len O'Donnell
SOLDOffice

Jacques Bessoudo Of Galium Capital Acquires Office Building From Scott Arnoldy Jr And Len O'Donnell

3657 Briarpark Drive

Building Size

Asset Type

Office

Closing

Jan 28, 2025

AI

The transaction involved an office property located at 3657 Briarpark Drive in the Houston market. The asset type is specified as office. The property was sold by Scott Arnoldy, Jr from Triten Real Estate Partners and Len O'Donnell from Affinius Capital.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Buyer: Jacques Bessoudo - Galium Capital
  • Seller: Scott Arnoldy, Jr - Triten Real Estate Partners
  • Seller: Len O'Donnell - Affinius Capital
  • Brokers: Kevin McConn, Marty Hogan & Rick Goings - JLL

JLL brokered the sale of Lockton Place, a 186,747-square-foot office building in Houston’s Westchase area, which was 96% leased with Lockton as the anchor tenant. The property featured a tenant lounge, café, and fitness center.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Jacques Bessoudo

Jacques Bessoudo

Galium Capital

Buyer

$162.2M

vol

7 deals

Buyer

Len O'Donnell

Affinius Capital

Seller

$3.1B

vol

13 deals

Seller
TP
Triten Real Estate PartnersSeller

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