David Meyers Of New Quest Properties Represents Buyer In Sale At 5300 W Sam Houston Pkwy N
5300 W Sam Houston Pkwy N, Housto...
Building Size
—
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in the transaction is Beltway 8 Corporate Centre I, a 100,719-square-foot office building located at 5300 W Sam Houston Pkwy N, Houston. The property was built in 2002 and spans across 10 acres.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: Undisclosed
- Address: 5300 W Sam Houston Pkwy N, Houston
- Market: Houston
- Buyer: Undisclosed
- Seller: Undisclosed
- Buyer's Representative: David Meyers, Nick Ramsey - New Quest Properties
- Seller's Representative: David Carter - Colliers International
- Square Footage: 100,719
David Carter from Colliers International represented the seller in the transaction while Nick Ramsey and David Meyers from NewQuest Properties represented the buyer. Both parties involved in this deal maintained confidentiality regarding their identities.
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