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450 Gears Road, Houston, Te...

Colliers Sells 4.51 Acre Office Property In Houston To Evens Grandoit - Krueger Real Estate
SOLDOffice

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

David Carter

Colliers

Broker

24 deals

Broker

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