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

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.

Players

David Carter

Colliers

Broker

24 deals

Broker

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