SOLDOffice
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
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.
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