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6380 Rogerdale Rd, Houston,...

Private Investment Group Acquires 206362 SF Property At 6380 Rogerdale Rd In Houston
SOLDOffice

Private Investment Group Acquires 206362 SF Property At 6380 Rogerdale Rd In Houston

6380 Rogerdale Rd, Houston, TX, 77072

Building Size

206,362 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is Oak Park Office Center II, a two-story office building located at 6380 Rogerdale Rd, Houston, TX, 77072, within the Houston market. This building comprises a total of 206,362 square feet and is situated in the Oak Park business Park, strategically located at the intersection of Beltway 8 and Westpark Tollway. Currently, it is nearly 50% occupied by Men’s Warehouse, which uses the first floor as its headquarters.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Not disclosed
  • Seller: Office Properties Income Trust
  • Buyer: Private Investment Group
  • Seller's Representative: Martin (Marty) Hogan & Jack Moody - JLL
  • Square Footage: 206,362

A team from JLL Capital Markets, consisting of Kevin McConn, Marty Hogan, and Jack Moody, represented the seller in this transaction. The buyer is a private investment group based in Houston, further detailing the involvement of local entities in this property deal.

Players

Martin Hogan

JLL

Broker

$69M

vol

42 deals

Broker
PG
Private Investment GroupBuyer

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