Justin Miller Of Marcus & Millichap Represents Seller In Sale Of Retail Property In Houston
1129 East 11th Street & 1141 East 11th Street
Building Size
10,578 SF
Asset Type
Retail
Closing
Apr 1, 2025
About this deal
AI
The property asset involved in this transaction is a fully leased retail space comprising 10,578 square feet, located at 1129-1141 East 11th Street in Houston. The market value reflects its strategic location and the presence of established tenants like Three Dog Bakery and Republic Boot Co.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1129-1141 East 11th Street
- Market: Houston
- Square Footage: 10,578
Justin Miller of Marcus & Millichap represented the seller, a local developer, in this transaction. The brokerage played a pivotal role in facilitating the sale of the property, ensuring a smooth process for the involved parties.
On the Map
Retail
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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