Jamail Virani & Ben Sides Landlord For $5.655M Acquisition Loan At 13147-13167 Northwest Freeway
Northwest Freeway
$5,655,000
Building Size
—
Asset Type
Retail
Closing
Apr 3, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 13147-13167 Northwest Freeway, Houston, TX. The asset encompasses a total square footage of 86,515. The acquisition loan amount for this property is $5,655,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,655,000
- Address: 13147-13167 Northwest Freeway
- Market: Houston, TX
- Asset Type: Retail
- Square Footage: 86,515
- Landlords: Jamail Virani & Ben Sides
- Broker: Gabe Einhorn - Capria Group
- Loan Type: Acquisition
Key individuals involved in the transaction include landlords Jamail Virani and Ben Sides, who own the property. Gabe Einhorn from Capria Group represents the broker side of this acquisition deal, facilitating the loan agreement for the landlords.
On the Map
$5,655,000
Retail
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Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93