CMI Developers Acquires Office Property In Houston From Shorenstein Properties
800 Bell Street, Houston, Texas 77002, United States
Building Size
1 SF
Asset Type
Office
Closing
Jan 17, 2023
About this deal
AI
Located at 800 Bell Street in Houston, this office property encompasses a total area of 1,200,000 square feet. The transaction took place on January 17, 2023, with CMI Developers acquiring the property from Shorenstein Properties.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Houston
The deal was facilitated by Jeff Hollinden and Rick Goings from JLL, who represented both the buyer, CMI Developers, and the seller, Shorenstein Properties, in the transaction.
Traded’s record for 800 Bell Street, Houston, Texas 77002, United States in Houston, Texas covers a office sale from 2023. The building is 1 square feet, implying about 0 per square foot on the published price. Jeff Hollinden, Rick Goings, JLL appear on the sale alongside JLL. This page is the Houston, Texas file for the 800 Bell Street, Houston, Texas 77002, United States office sold: pricing, party profiles, and other closed office comps from the same Houston sit in the Market section below. Filter that Houston office set by closing date to see what else sold near 800 Bell Street, Houston, Texas 77002, United States around 2023. Cite this CMI Developers Acquires Office Property In Houston From Shorenstein Properties sale when underwriting similar office product around Houston, Texas.
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