Unknown Buyer Acquires Property At 7555 Bellaire BLVD Houston TX With Seller's Reps Justin Miller And Davis Hansen
7555 Bellaire BLVD, Houston, TX, 77036
Building Size
43,631 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is a shopping center located at 7555 Bellaire Blvd, Houston, TX, 77036. It was built in 2004 and has a total square footage of 43,631. The property includes tenants such as Family Thrift Center, Alegria Dental Care, and Club Fit. The market for this transaction is Houston.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: Not disclosed
- Address: 7555 Bellaire BLVD, Houston, TX, 77036
- Square Footage: 43,631
- Seller's Representative: Justin Miller - Transwestern, Davis Hansen - Marcus & Millichap
- Buyer: Unknown
In this transaction, Justin Miller and Davis Hansen represented the seller, a Houston-based partnership. Details about the buyer remain undisclosed, and additional terms of the sale were not provided.
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