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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 6001 Rogerdale Rd, Houston, TX, 77072
- Market: Houston
- Buyer: Emerson
- Buyer's Representative: Curt Stanton - Axiom Advisory Group
- Seller: 111 Realty OPO LLC
- Seller's Representatives: Rudy Hubbard, Kevin McConn, and Rick Goings - JLL
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
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