CP Group Acquires 567,000 SF Office Building In Houston For $Price With Jeff Hollinden, Brett Reese, Angelo Bianco & Rick Goings
4400 Post Oak Parkway, Houston, TX 77027
Building Size
567,000 SF
Asset Type
Office
Closing
Jul 23, 2020
AI
An office property located at 4400 Post Oak Pkwy in Houston has been sold. The property consists of 567,000 square feet and sits on 43 acres.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 4400 Post Oak Pkwy
- Market: Houston
- Square Footage: 567,000
- Acres: 43
The buyer of the property is a group called CP Group, represented by individuals named Angelo Bianco and Brett Reese. The transaction was facilitated by brokers Jeff Hollinden and Rick Goings from JLL Capital Markets.
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