Hertz Investment Group Sells Office Assets At 2800, 2900, And 2950 North Loop West For $58.4M
2800
$58,400,000
Units
806,518
Asset Type
Office
Closing
Aug 18, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 2800, 2900, and 2950 North Loop West in West, TX. The office space encompasses a total of 806,518 square feet, with the transaction executed at a price of $58,400,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $58,400,000.00
- Market: West, TX
- Units: 806,518
- Seller: Hertz Investment Group
- Sale Date: 08/18/2025
The transaction included Hertz Investment Group as the seller in the deal. No other parties involved in the transaction details are specified.
On the Map
$58,400,000
Office
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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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93