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8101 W. Sam Houston Parkway S

Fuller Realty Partners And ICP Funds Acquire BlueCross BlueShield Building In Houston From Sagard Real Estate
SOLDOffice

Fuller Realty Partners And ICP Funds Acquire BlueCross BlueShield Building In Houston From Sagard Real Estate

8101 W. Sam Houston Parkway S

Building Size

Asset Type

Office

Closing

Sep 17, 2025

AI

The property involved in this transaction is an office asset located at 8101 W. Sam Houston Parkway S in Houston. It encompasses a total area of 132,599 square feet. The transaction was executed on September 17, 2025, with the actual sale price undisclosed.

Summary of transaction details:

This transaction involved JLL Capital Markets representing the seller, Sagard Real Estate, and arranging a five-year acquisition loan. The sale was supported by Blue Cross Blue Shield's recent 11.5-year, full-building lease, providing a solid foundation for the investment made by Fuller Realty Partners and ICP Funds.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
JLL
JLLBrokerage
Fuller Realty Partners
Fuller Realty PartnersBuyer
Rick Stone

Rick Stone

Sagard Real Estate

Seller

$329.8M

vol

14 deals

Seller
Sagard Real Estate
Sagard Real EstateSeller

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