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6001 Rogerdale Rd, Houston,...

Emerson Acquires 151000 SF Property At 6001 Rogerdale Rd Houston From 111 Realty OPO LLC
SOLDOffice

Emerson Acquires 151000 SF Property At 6001 Rogerdale Rd Houston From 111 Realty OPO LLC

6001 Rogerdale Rd, Houston, TX, 77072

Building Size

151,000 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is a vacant office building located at 6001 Rogerdale Rd, Houston, TX, 77072. This two-story structure spans a total of 151,000 square feet and was originally designed as a single-tenant corporate campus when constructed in 2008. On-site amenities include a café and break rooms. The property had been held by the seller prior to the transaction.

Summary of transaction details:

The deal was facilitated by JLL, with Rudy Hubbard, Kevin McConn, and Rick Goings acting as representatives for the seller, 111 Realty OPO LLC. Curt Stanton represented Emerson in this transaction, highlighting the involvement of both local and regional entities in the sale process.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker

Houston 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