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12023 Bissonnet St, Houston...

Leon Capital Group Acquires Property From BH Management Services With Representation From Chris Young, Connor Phillips, And Joey Rippel
SOLD

Leon Capital Group Acquires Property From BH Management Services With Representation From Chris Young, Connor Phillips, And Joey Rippel

12023 Bissonnet St, Houston, TX, 770...

Building Size

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 12023 Bissonnet St, Houston, TX, and is situated in the Houston market. The seller was BH Management Services, and the buyer was Leon Capital Group. The transaction details do not specify a sale price or square footage for the property.

Summary of transaction details:

The transaction featured multiple representatives for the seller, indicating a collaborative approach to the sale. Chris Young from Compass, Connor Phillips from HFF, and Joey Rippel from Berkadia represented the seller in this closed transaction.

Players

Joey Rippel

Berkadia

Broker

35 deals

Broker
LG
Leon Capital GroupBuyer
BS
BH Management ServicesSeller

Houston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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