Colliers Sells 4.51 Acre Office Property In Houston To Evens Grandoit - Krueger Real Estate
450 Gears Road, Houston, Texas 77067, United States
Building Size
366,593 SF
Asset Type
Office
Closing
Jul 4, 2022
AI
An office property located at 450 Gears Road in Houston has been sold. The property spans an area of 4.51 acres. The transaction took place on July 5th, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 450 Gears Road
- Market: Houston
- Asset Type: Office
- Acres: 4.51
The buyer's representative in this deal was Evens Grandoit from Krueger Real Estate. On the other side, the sellers were represented by David Carter, Doug Pack, and Sam Hansen from Colliers.
Players
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