TRC Capital Partners Acquires Webster Office For 5.87 Acres And 115,000 SF
455 East Medical Center Boulevard, Webster, TX 77598, USA
Building Size
115,000 SF
Asset Type
Office
Closing
Jun 28, 2020
About this deal
AI
The property asset involved in this transaction is an office building located at 455 East Medical Center Blvd in Webster. This asset covers an area of 5.87 acres with a total square footage of 115,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 455 East Medical Center Blvd
- Market: Webster
- Acres: 5.87
- SF: 115,000
- Seller: MDL
- Buyer: TRC Capital Partners - Steven Lerner
- Brokers: Marty Hogan & Rick Goings - JLL Capital Markets
The deal involved notable individuals including Steven Lerner representing TRC Capital Partners as the buyer, while the brokerage team of Marty Hogan and Rick Goings represented the seller, MDL, in the transaction process.
On the Map
Office
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Players
Webster 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