Welcome Group, LLC Acquires 129,085 SF Mixed Use Property In Houston
West Sam Houston Parkway, Houston, TX, USA
Building Size
129,085 SF
Asset Type
Mixed-use
Closing
Jan 17, 2021
AI
The recently closed property transaction in Houston involved a mixed-use asset located at West Sam Houston Parkway & Tanner Road. The property spans across 129,085 square feet and sits on 7.08 acres.
Summary of transaction details
- Property Type: Mixed Use
- Square Footage: 129,085
- Acres: 7.08
Welcome Group, LLC emerged as the buyer in this deal. Represented by Ryan Wasaff and John Wilson from Welcome Reality Advisors, they successfully acquired the property.
Players
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