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:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 8101 W. Sam Houston Parkway S
- Market: Houston
- Buyer: Agustin Barrios Gomez - ICP Funds; Fuller Realty Partners
- Seller: Rick Stone - Sagard Real Estate
- Brokers: Kevin McConn & Rick Goings - JLL
- Mortgage Brokers: Wally Reid & Cameron Cureton - JLL
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
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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