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
About this deal
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.
On the Map
Office
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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