Group RMC Acquires Office Building In Houston For $Undisclosed
5718 Westheimer Road, Houston, TX, USA
Building Size
491,092 SF
Asset Type
Office
Closing
Oct 20, 2021
About this deal
AI
Group RMC has acquired an office property located at 5718 Westheimer Road in Houston. The property spans a total of 491,092 square feet and was sold on 10/21/2021. Kevin McConn and Rick Goings from JLL represented the buyer in this transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5718 Westheimer Road
- Market: Houston
- Square Footage: 491,092
Rick Goings, also from JLL, acted as the mortgage broker in this deal, assisting with the financing for the acquisition.
On the Map
Office
View full map
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas office sales on Traded.
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