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11818 Airline Drive

Thien Huynh Purchases Retail Asset At 11818 Airline Drive Houston For Cash With Jane Nguyen's Representation
SOLDRetail

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

Rafael Melara

ROM Commercial Properties

Broker

$4.1M

vol

7 deals

Broker

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