facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

1300 West Fairmont Parkway

John Zaid Purchases Retail Property At 1300 West Fairmont Parkway From Austin Turk With Brokers John Baddour & Cameron Free
SOLDRetail

John Zaid Purchases Retail Property At 1300 West Fairmont Parkway From Austin Turk With Brokers John Baddour & Cameron Free

1300 West Fairmont Parkway

Building Size

51,279 SF

Asset Type

Retail

Closing

May 26, 2025

AI

The property asset involved in this transaction is a retail space located at 1300 West Fairmont Parkway in La Porte. The asset spans a total area of 51,279 square feet.

Summary of transaction details:

This transaction involved the buyer John Zaid acquiring the property from seller Austin Turk, with representation from John Baddour and Cameron Free. Each represented their respective parties throughout the transaction process.

Players

John Baddour

ProspectCRE, LLC

Broker

19 deals

Broker
Wulfe & Co.
Wulfe & Co.Brokerage

La Porte 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