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7155 Old Katy Road, Houston...

Braun Enterprises Acquires Houston Office Building On Old Katy Road
SOLDOffice

Braun Enterprises Acquires Houston Office Building On Old Katy Road

7155 Old Katy Road, Houston, TX, USA

Building Size

90,423 SF

Asset Type

Office

Closing

Apr 18, 2021

AI

Houston Eye Associates has sold an office property located at 7155 Old Katy Road in Houston. The property, spanning 90,423 square feet and situated on 4.17 acres of land, was sold to Braun Enterprises. The transaction took place on April 19, 2021. The buyer was represented by James Fitch from Braun Enterprises. The seller was represented by David L. Carter and Taylor Wright from Colliers International.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Date: April 19, 2021
  • Address: 7155 Old Katy Road, Houston
  • Square Footage: 90,423
  • Acres: 4.17

The sale of this office property marks a successful transaction in Houston. While the transaction amount was not disclosed, it involved the transfer of a sizable asset with over 90,000 square feet of space. Braun Enterprises, represented by James Fitch, acquired the property from Houston Eye Associates. Colliers International, through their representatives David L. Carter and Taylor Wright, facilitated the deal on behalf of the seller.

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