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
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