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
About this deal
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
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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