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7904 North Sam Houston Park...

Woodside Acquires 200155 Square Foot Saddlebrook Place Office Campus In Houston From Lender-Owned Entity
SOLDOffice

Woodside Acquires 200155 Square Foot Saddlebrook Place Office Campus In Houston From Lender-Owned Entity

7904 North Sam Houston Parkway West

Building Size

200,155 SF

Asset Type

Office

Closing

Mar 30, 2026

AI

The property asset involved in the transaction is the Saddlebrook Place office campus located at 7904, 7906, 7908 North Sam Houston Parkway West & 10740 North Gessner Drive in Houston. The total square footage of the office space is 200,155, comprising four buildings. The property was acquired from a lender-owned entity.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 200,155
  • Address: 7904, 7906, 7908 North Sam Houston Parkway West & 10740 North Gessner Drive
  • Market: Houston
  • Buyer: Mark Horrell
  • Buyer's Company: Woodside
  • Brokers: Matt Asvestas & Parker Noble
  • Brokers' Company: Stream Realty Partners

This acquisition will include capital improvements to the property, featuring upgrades to common areas as well as move-in-ready spec suites to enhance tenant flexibility. The previous name of the property was Heron Lakes.

Players

Matthew Asvestas

Stream Realty Partners⁠

Broker

6 deals

Broker

Mark Horrell

Woodside

Buyer

1 deal

Buyer

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