612 Live Oak LP Acquires Retail Building From M&R Finger Investments Ltd In Houston
13419 Woodforest Boulevard
Building Size
3,772 SF
Asset Type
Retail
Closing
Mar 4, 2024
AI
The sale involved a 3,772-square-foot retail building situated on a 0.51-acre property located at 13419 Woodforest Boulevard in Houston. The property was purchased by 612 Live Oak LP from M & R Finger Investments Ltd.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 13419 Woodforest Boulevard
- Market: Houston
- Buyer: 612 Live Oak LP
- Seller: M & R Finger Investments Ltd
- Buyer's Representative: David Olsen - Essential CRE
- Seller's Representative: Marc Peeler - NewQuest Properties
David Olsen of Essential CRE represented the buyer, while Marc Peeler of NewQuest Properties represented the seller in the successful transaction of the retail property.
Players
Houston 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