Hope Lutheran Church Acquires 5,000-SF Church In North Houston With Buyer's Rep DJ Hale & Seller's Rep Marcela Amador
634 W Cottage St Houston, TX 77009, USA
Building Size
5,000 SF
Asset Type
Church
Closing
Aug 25, 2023
AI
A 5,000-square-foot church located at 634 West Cottage Street in North Houston has been sold. The transaction was brokered by D.J. Hale from Oxford Partners, representing the buyer, Hope Lutheran Church, and Marcela Amador from Home Central Real Estate Inc, representing the seller.
Summary of transaction details
- Property Type: Church
- Transaction Amount: Not specified
- Address: 634 West Cottage Street
- Market: North Houston
Oxford Partners brokered the sale of the church on behalf of Hope Lutheran Church, while Marcela Amador represented the seller in the deal. No further details regarding the transaction were provided.
Players
Houston Church Market Snapshot
Boundary boundary · Church · 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