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
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