Colliers Sells 100,719 SF Office In Houston To NewQuest, Represented By Nick Ramsey & David Meyers
5300 West Sam Houston Parkway North, Houston, Texas 77041, United States
Building Size
100,719 SF
Asset Type
Office
Closing
Oct 3, 2022
AI
The sale of an office property located at 5300 West Sam Houston Parkway North in Houston has been completed. The property spans over 10.02 acres and consists of approximately 100,719 square feet of office space. The transaction took place on October 3, 2022, as documented by David Carter's image on Instagram.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5300 West Sam Houston Parkway North
- Market: Houston
- Size: 100,719 square feet
- Acres: 10.02
NewQuest's representatives, Nick Ramsey and David Meyers, acted as the buyer's representatives in the transaction. On the other side, David Carter represented the seller as a representative of Colliers.
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