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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1300 West Fairmont Parkway
- Market: La Porte
- Asset Size: 51,279 SF
- Buyer: John Zaid
- Seller: Austin Turk
- Buyer’s Representatives: John Baddour - HighStreet Net Lease Group; Cameron Free - Wulfe & Co.
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
La Porte 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