CP Group & Rialto Capital Management Acquires Office Building At 4400 Post Oak Pky, Houston
4400 Post Oak Park Drive, Houston, TX, USA
Building Size
60,000 SF
Asset Type
Office
Closing
Jul 25, 2021
About this deal
AI
An office property located at 4400 Post Oak Parkway in Houston was recently sold. The property spans across 3,000 square feet and was sold on July 26, 2021. The transaction was facilitated by CP Group & Rialto Capital Management.
Summary of transation details
- Property Type: Office
- Date: 07/26/2021
- Address: 4400 Post Oak Pky
- Market: Houston
- Size: 3,000 SF
- Buyer: CP Group & Rialto Capital Management
The office property located at 4400 Post Oak Parkway in Houston was purchased by CP Group & Rialto Capital Management. The transaction marks the successful acquisition of the 3,000 square feet office space. This purchase further strengthens the buyer's portfolio in the Houston market.
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