SOLDOffice
David Z. Mafrige Interests Acquires Office Building In Houston For 216,889 SF
15710 John F Kennedy Boulevard Frontage Road
Building Size
216,889 SF
Asset Type
Office
Closing
Apr 28, 2021
About this deal
AI
An office property located at 15710 John F Kennedy Blvd in Houston has been sold. The property spans a total of 216,889 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Houston
- Buyer: David Z. Mafrige Interests - David Z. Mafrige
- Broker: David L. Carter - Colliers International
The buyer in this transaction is David Z. Mafrige Interests, with David Z. Mafrige representing the company. The broker involved in the deal is David L. Carter from Colliers International.
On the Map
Office
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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