Garden Capital Partners Acquires Office Property On Rogerdale Road In Houston
6380 Rodgerdale Road, Houston, Texas 77072, United States
Building Size
206,400 SF
Asset Type
Office
Closing
Jul 20, 2022
AI
Located at 6380 Rogerdale Road in Houston, this office property spans over 206,400 square feet and sits on 18 acres of land. The transaction took place on July 21, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 6380 Rogerdale Road, Houston
- Market: Houston
- Size: 206,400 square feet
- Acres: 18
Garden Capital Partners acquired this office property from Office Income Properties Trust, with Chris Bilotto representing the seller. The transaction was facilitated by Kevin McConn, Marty Hogan, and Jack Moody from JLL Capital Markets.
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