Updated Dec 4, 2024
SSS Marketplace On Eldridge LLC Acquires 139,538 SF Retail In Houston
13331 Eldridge Parkway
Building Size
139,538 SF
Asset Type
Industrial
Closing
Feb 26, 2024
About this deal
AI
A retail property spanning 139,538 square feet and situated on 12 acres located at 13331 Eldridge Parkway in Houston has been successfully transacted. The property was acquired by SSS Marketplace on Eldridge LLC from Sam’s Real Estate Business Trust.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 13331 Eldridge Parkway
- Market: Houston
- Asset Type: Retail
- Square Footage: 139,538
- Acres: 12
Representing the buyer, John Nguyen of NewQuest Properties facilitated the acquisition of the retail property. On the other side, James Namken and Kyle Knight from Weitzman Management Corp. served as the representatives of the seller, Sam’s Real Estate Business Trust, in the successful transaction.
Players
Eagle Bay Industrial Market Snapshot
Boundary boundary · Industrial · 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