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5333 Westheimer Road, Houst...

Dhanani Private Equity Group Acquires Mixed-Use Asset In Houston From Acore Capital
SOLDMixed-use

Dhanani Private Equity Group Acquires Mixed-Use Asset In Houston From Acore Capital

5333 Westheimer Road, Houston, Texas 77056, United States

Building Size

400 SF

Asset Type

Mixed-use

Closing

Dec 30, 2022

AI

A mixed-use property located at 5333 Westheimer Rd in Houston has been sold. The property spans approximately 400,000 square feet and was part of a recent closed transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 5333 Westheimer Rd
  • Market: Houston
  • Seller: Acore Capital
  • Buyer: Dhanani Private Equity Group - Nick Dhanani & Nikhil Dhanani

The sale was facilitated by Marty Hogan, Rick Going, Ryan Olive, Bailey Black, and Susan Hill from JLL. They represented the buyer and seller in the transaction.

Players

Rick Goings

JLL

Broker

$115M

vol

37 deals

Broker
Nick Dhanani

Nick Dhanani

Dhanani Private Equity Group

Buyer

$174.2M

vol

10 deals

Buyer
Acore Capital
Acore CapitalSeller
Acore Capital
Acore CapitalLender

Houston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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