InLight Capital Acquires 143K SF Office Building In Sugar Land From CWCapital
77 Sugar Creek Center Blvd Sugar Land, TX 77478, USA
Building Size
143,410 SF
Asset Type
Office
Closing
Sep 5, 2023
AI
InLight Capital, a company based in Sugar Land, Texas, has recently completed the acquisition of 77 Sugar Creek Center Boulevard, an office building in southwest Houston. The property spans 143,410 square feet and is situated on 6.1 acres of land. The transaction was facilitated through an auction platform by JLL Capital Markets. The office building is strategically located, offering convenient access to the entire Houston metropolitan area.
Summary of transaction details
- Property Type: Office
- Square Footage: 143,410
- Address: 77 Sugar Creek Center Boulevard
- Market: Sugar Land
The buyer in this transaction is InLight Capital, represented by David Burch. On the selling side, CWCapital, represented by David Iannarone, facilitated the deal. The brokers involved in this transaction were Rick Goings, Marty Hogan, and Will Sledge from JLL. This acquisition presents a significant milestone for InLight Capital, expanding their presence in the Sugar Land area and enhancing their real estate portfolio.
Players
Sugar Land 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