US Property Management Acquires 225000 Square Foot Office In Houston From Daniel Egan Of RVI Group
4646 West Sam Houston Parkway North
Building Size
225,000 SF
Asset Type
Office
Closing
Sep 11, 2025
About this deal
AI
The transaction involves a 225,000-square-foot office building located at 4646 West Sam Houston Parkway North in Houston. The asset was vacant following the departure of Schlumberger in late 2024. The property has an assessed market value of $9.7 million as of January 1.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Buyer: US Property Management
- Seller: Daniel Egan - RVI Group
- Brokers: Martin (Marty) Hogan & Kevin McConn - JLL
US Property Management has acquired the property from Daniel Egan of RVI Group, facilitated by brokers Martin (Marty) Hogan and Kevin McConn from JLL. The acquisition follows the building's vacancy after the prior tenant's departure.
On the Map
Office
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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