Starwood Property Trust Acquires Office Building In Houston For 1.2M SF
5555 San Felipe Street, Houston, Texas 77056, United States
Building Size
1,200,000 SF
Asset Type
Office
Closing
Aug 21, 2022
About this deal
AI
Barry S. Sternlicht's property asset located at 5555 San Felipe St. in Houston has been sold. The office building spans 1,200,000 square feet and was sold on 08/22/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5555 San Felipe St., Houston
- Market: Houston
The buyer of the property is Starwood Property Trust.
Traded’s record for 5555 San Felipe Street, Houston, Texas 77056, United States in Houston, Texas covers a office sale from 2022. The building is 1,200,000 square feet, implying about 0 per square foot on the published price. This page is the Houston, Texas file for the 5555 San Felipe Street, Houston, Texas 77056, United States office sold: pricing, party profiles, and other closed office comps from the same Houston sit in the Market section below. Filter that Houston office set by closing date to see what else sold near 5555 San Felipe Street, Houston, Texas 77056, United States around 2022. Cite this Starwood Property Trust Acquires Office Building In Houston For 1.2M SF sale when underwriting similar office product around Houston, Texas.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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