Rycore Capital Acquires Medical Office Building In Houston From Ridgeline Capital Partners
9440 Bellaire Blvd, Houston, TX, USA
Building Size
58,517 SF
Asset Type
Office
Closing
Apr 22, 2021
About this deal
AI
A medical office property located at 9440 Bellaire Blvd in Houston has been sold. The property spans 58,517 square feet and is situated on a 3.6-acre lot.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
The seller of the property was Ridgeline Capital Partners, while the buyer was Rycore Capital. The sale was facilitated by Kevin McConn and Brian Bacharach from JLL.
Traded’s record for 9440 Bellaire Blvd, Houston, TX, USA in Houston, Texas covers a office sale from 2021. The building is 58,517 square feet, implying about 0 per square foot on the published price. Kevin McConn, Brian Bacharach, JLL appear on the sale alongside JLL. This page is the Houston, Texas file for the 9440 Bellaire Blvd, Houston, TX, USA 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 9440 Bellaire Blvd, Houston, TX, USA around 2021. Cite this Rycore Capital Acquires Medical Office Building In Houston From Ridgeline Capital Partners sale when underwriting similar office product around Houston, Texas.
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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