Thien Huynh Purchases Retail Asset At 11818 Airline Drive Houston For Cash With Jane Nguyen's Representation
11818 Airline Drive
Building Size
12,214 SF
Asset Type
Retail
Closing
May 15, 2025
AI
This retail asset is located at 11818 Airline Drive in Houston, Texas, and features a total square footage of 12,214. It was sold in an all-cash transaction and achieved a final sale price that was 95% of the listed price.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 11818 Airline Drive
- Market: Houston
- Buyer's Name: Thien Huynh
- Seller's Name: Ray Golshan
- Buyer's Representative: Jane Nguyen - Alpha Realtors
- Seller's Representative: Rafael Melara - ROM Commercial Properties
Rafael Melara, President of ROM Commercial Properties, represented the seller in this transaction. Special thanks were given to Jane Nguyen of Alpha Realtors for her role in representing the buyer, Thien Huynh.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93