Marcus & Millichap Sells Office Building In Houston For $UndisclosedM
6110 Pinemont Drive, Houston, TX, USA
Building Size
9,685 SF
Asset Type
Office
Closing
Apr 9, 2021
About this deal
AI
Located at 6110 Pinemont Drive in Houston, this office property was recently sold in a closed transaction. The property spans 9,685 square feet and was sold by an undisclosed owner. The sale was facilitated by broker Michael Lea of Marcus & Millichap.
Summary of transaction details:
- Property Type: Office
- Sale Date: 04/10/2021
- Address: 6110 Pinemont Drive, Houston
- Market: Houston
- Square Footage: 9,685
Michael Lea, representing Marcus & Millichap, played a key role in the successful sale of this office property. The specific buyer, seller, and transaction amount were not disclosed.
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