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
About this deal
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.
Traded’s record for West Sam Houston Parkway, Houston, TX, USA in Houston, Texas covers a mixed use sale from 2021. The building is 129,085 square feet, implying about 0 per square foot on the published price. John Wilson, Ryan Wasaff, Walker & Dunlop appear on the sale alongside Walker & Dunlop. This page is the Houston, Texas file for the West Sam Houston Parkway, Houston, TX, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Houston sit in the Market section below. Filter that Houston mixed use set by closing date to see what else sold near West Sam Houston Parkway, Houston, TX, USA around 2021. Cite this Welcome Group, LLC Acquires 129,085 SF Mixed Use Property In Houston sale when underwriting similar mixed use product around Houston, Texas.
On the Map
Mixed-use
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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