DataBank Holdings Acquires Houston Office Asset From CyrusOne For $670M
5150 Westway Park Boulevard, Houston, Texas 77041, United States
$670,000,000
$1,675/SF
Building Size
400,000 SF
Asset Type
Office
Closing
Jan 19, 2022
AI
DataBank Holdings, led by Raul Martynek, has acquired the office property located at 5150 & 5170 Westway Park Blvd, 11003 Corporate Center Drive & 4211 Southwest Freeway in Houston. The property, spanning approximately 400,000 square feet, was sold by CyrusOne for a transaction amount of $670,000,000.
Summary of transation details
- Property Type: Office
- Transaction Amount: $670,000,000
- Address: 5150 & 5170 Westway Park Blvd, 11003 Corporate Center Drive & 4211 Southwest Freeway, Houston
- Market: Houston
- Buyer: DataBank Holdings - Raul Martynek
- Seller: CyrusOne
Raul Martynek, representing DataBank Holdings, played a key role in the acquisition of this office property in Houston.
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93