SOLDOffice
Montco Lots Sells 73,019 SF Office In Houston For $Undisclosed
550 Greens Parkway, Houston, Texas 77067, United States
Building Size
73 SF
Asset Type
Office
Closing
May 1, 2023
AI
The property involved in this transaction is an office space located at 550 Greens Parkway in Houston. The property has a total area of 73,019 square feet and sits on a 4.62-acre lot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 550 Greens Parkway
- Market: Houston
- Square Footage: 73,019
- Acres: 4.62
The seller of the property is Montco Lots. David Carter from Colliers represented the seller as the broker in this deal.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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