Wolf Capital Partners Acquires Office Building In Houston From Heights Medical Tower, Ltd
427 West 20th Street, Houston, Texas 77008, United States
Building Size
122,000 SF
Asset Type
Office
Closing
Mar 1, 2022
AI
The office building located at 427 W. 20th Street in Houston has been sold in a recent transaction. The property spans 122,000 square feet and is situated in the bustling Houston market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided in the information
- Address: 427 W. 20th Street
- Market: Houston
- Square Footage: 122,000
The buyer of the property is Wolf Capital Partners, while the seller is Heights Medical Tower, Ltd. Representing the buyer in this transaction is Anthony Heins from Heins Properties. It is worth noting that Anthony Heins, as the buyer's representative, played a significant role in the deal.
Overall, this transaction represents an important development in the Houston market, showcasing the activity and demand for office properties in the area.
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