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675 Bering Drive

David Carter Of Colliers Represents Seller In Sale Of 675 Bering Drive Office In Houston
SOLDOffice

David Carter Of Colliers Represents Seller In Sale Of 675 Bering Drive Office In Houston

675 Bering Drive

Building Size

135,641 SF

Asset Type

Office

Closing

Feb 25, 2025

AI

675 Bering Drive is a 135,641 SF office building located in Houston’s Galleria/Uptown submarket. The property has recently been sold, marking a significant transaction in the Houston market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 675 Bering Drive
  • Market: Houston
  • Broker: David Carter - Colliers

David Carter from Colliers represented the seller in this transaction, noting the strong investor interest in well-located office assets due to ongoing demand in the area.

Players

David Carter

Colliers

Broker

24 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