Investment Property Exchange Services Acquires Houston Retail Property At 1201 Telephone Rd
1201 Telephone Road
Building Size
2,549 SF
Asset Type
Retail
Closing
Jul 22, 2022
About this deal
AI
Located at 1201 Telephone Rd in Houston, this retail property spans across 2,549 square feet. The transaction took place on 07/22/2022, with Investment Property Exchange Services acquiring the property from RIBE LP.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Investment Property Exchange Services
- Seller: RIBE LP
- Buyer's Representative: Rafael Melara - Hunington Properties, Inc
- Seller's Representative: Rick Gutierrez - RESOLUT RE
Representing the buyer, Rafael Melara from Hunington Properties, Inc played a crucial role in facilitating the transaction. On the other hand, Rick Gutierrez from RESOLUT RE represented the seller throughout the deal.
Note from Rick Gutierrez provided by @ResolutRE:
Email: [email protected]
Phone: 832-924-2802
On the Map
Retail
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Players
Alnwick/Haldimand 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93