SOLDOffice
Bellaire 5420 APL MP LLC Acquires Medical Office In Bellaire For $Undisclosed
5420 W Loop S, Bellaire
Building Size
99,768 SF
Asset Type
Office
Closing
Aug 16, 2020
About this deal
AI
The medical office located at 5420 West Loop South in Bellaire has been sold in a recent transaction. The property, spanning 99,768 square feet, was sold by EPC Sparti LLC to Bellaire 5420 APL MP LLC.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: N/A
- Address: 5420 West Loop South, Bellaire
- Market: Bellaire
- Square Footage: 99,768
The transaction was facilitated by Chad Lavender and Ryan Maconachy from Newmark Knight Frank, who served as brokers for both the seller and the buyer.
Players
Bellaire 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