Fritsche Anderson Realty Partners Brokers Sale Of 84K SF Office Building In Houston
509 North Sam Houston Parkway East
Building Size
84,000 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
An 84,000 sq ft office building located at 509 North Sam Houston Parkway East in Houston has been sold. The property was originally constructed in 1984 and underwent renovations in 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Market: Houston
- Brokers: Brandon Alexander Wuntch, Drew Altmann, Jim McGonigle - Fritsche Anderson Realty Partners
Fritsche Anderson Realty Partners facilitated the sale of this office building, representing both the buyer and the seller. Brandon Alexander Wuntch, Drew Altmann, and Jim McGonigle from Fritsche Anderson Realty Partners were the brokers responsible for handling the undisclosed buyer and seller details.
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