Thien Huynh Purchases Retail Asset At 11818 Airline Drive Houston For Cash With Jane Nguyen's Representation
SOLD
Texas
See Similar DealsRetail12,214 SF
Sold 05/15/2025
SOLD
Thien Huynh Purchases Retail Asset At 11818 Airline Drive Houston For Cash With Jane Nguyen's Representation
11818 Airline Drive
See Similar DealsRetail12,214 SF
Sold 05/15/2025
Summary
TEXAS
Asset Type:Retail
Total Square Footage:12,214 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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