M-M Properties Acquires Property From CBRE Global Investors For $175 Million In Houston
SOLD
$175,000,000
Texas
See Similar DealsOffice1 SF
SOLD
M-M Properties Acquires Property From CBRE Global Investors For $175 Million In Houston
5555 San Felipe St, Houston, TX, 77056
See Similar DealsOffice1 SF
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$175,000,000
Total Square Footage:1 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 5555 San Felipe St, Houston, TX 77056. The property was sold for a transaction amount of $175,000,000.00, encompassing a total square footage of 1. This transaction is positioned within the Houston market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $175,000,000.00
- Address: 5555 San Felipe St, Houston, TX 77056
- Market: Houston
- Seller: CBRE Global Investors
- Buyer: M-M Properties
- Seller's Representative: Jeff Hollinden - JLL
Key individuals involved in this deal include Jeff Hollinden, representing CBRE Global Investors in the sale. The buyer, M-M Properties, takes ownership following this transaction facilitated through the brokerage services of JLL, represented by Jeff Hollinden.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$621,738.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$829,589.28
Annual Debt Service$9,955,071.37
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