Saint Nicholas School Acquires Church Property In Houston From United Methodist Church Inc
3511 Linkwood Drive, Houston, Texas 77025, United States
Building Size
48,000 SF
Asset Type
Other
Closing
Aug 21, 2022
About this deal
AI
The property involved in this transaction is a church located at 3511 Linkwood Dr. in Houston. It spans an area of 5.51 acres and has a total square footage of 48,000. The transaction took place on 08/22/2022.
Summary of transaction details
- Property Type: Church
- Transaction Amount: Not specified
- Address: 3511 Linkwood Dr.
- Market: Houston
- Acres: 5.51
- Square Footage: 48,000
The buyer in this transaction is Saint Nicholas School, while the seller is United Methodist Church Inc. Representing the buyer is Chris Bergmann from JLL, and representing the seller are Glenn Dickerson and Jeff Lokey from NewQuest Properties.
On the Map
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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