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7155 Old Katy Rd, Houston, ...

Braun Enterprises Acquires Property From Houston Eye Associates With Seller's Rep David Carter
SOLDOffice

Braun Enterprises Acquires Property From Houston Eye Associates With Seller's Rep David Carter

7155 Old Katy Rd, Houston, TX, 77024

Building Size

90,423 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

A 90,423-square-foot office building located at 7155 Old Katy Road in Houston was sold. The two-story building occupies a 4.1-acre site in the North Loop West submarket of the Houston market.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Not disclosed
  • Address: 7155 Old Katy Rd, Houston, TX, 77024
  • Market: Houston
  • Seller: Houston Eye Associates
  • Buyer: Braun Enterprises
  • Seller's Representative: David Carter - Colliers International
  • Additional Representative: Taylor Wright - Colliers International

The transaction included local investment firm Braun Enterprises, which represented itself in the deal. David Carter and Taylor Wright from Colliers International represented the seller, Houston Eye Associates, facilitating the transfer of ownership.

Players

David Carter

Colliers

Broker

24 deals

Broker
BE
Braun EnterprisesBuyer
HA
Houston Eye AssociatesSeller

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