Noel Saadi Acquires Retail Property On Murphy Road From Salim Dossani In Houston
12007 Murphy Road
Building Size
10,575 SF
Asset Type
Retail
Closing
May 17, 2024
AI
The property located at 12007 Murphy Road in Houston, with a total area of 10,575 square feet, was recently involved in a sale transaction between Noel Saadi and Salim Dossani. The deal was facilitated by broker William Byrd from Pringroup Commercial.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Specified
- Buyer: Noel Saadi
- Seller: Salim Dossani
- Broker: William Byrd - Pringroup Commercial
William Byrd from Pringroup Commercial represented the parties in this property sale, showcasing his expertise and role in closing the deal successfully.
Players
Stafford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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