SOLDOffice
Capital Legacy Partners Acquires 70,212 Square Foot Office In The Woodlands From Rycore Capital
8708 Technology Forest Place
Building Size
70,212 SF
Asset Type
Office
Closing
Sep 9, 2026
About this deal
AI
The sale involved a 70,212-square-foot office building located at 8708 Technology Forest Place in The Woodlands, Texas. Built in 1998, the property occupies 8.2 acres within the Venture Tech Business Park and is 87.3% leased with a weighted average lease term of 3.9 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 8708 Technology Forest Place
- Market: The Woodlands, TX
- Asset Size: 70,212 SF
- Acres: 8.2
- Buyer: Capital Legacy Partners
- Seller: Rycore Capital
- Buyer's Representative: Brent Everson
- Seller's Representatives: Marty Hogan & Kevin McConn - JLL
JLL Capital Markets facilitated the transaction, arranging the sale from an affiliate of Rycore Capital to Capital Legacy Partners. The brokers involved played a significant role in bringing both parties to the agreement.
On the Map
Office
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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