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14498 Bellaire Boulevard

Wu Properties Acquires HEB Anchored Shopping Center In Houston With Disney Investment Group
SOLDRetail

Wu Properties Acquires HEB Anchored Shopping Center In Houston With Disney Investment Group

14498 Bellaire Boulevard

Building Size

Asset Type

Retail

Closing

Feb 9, 2024

AI

The recently closed property transaction in Houston involved a retail asset located at 14498 Bellaire Boulevard. The property is part of the HEB Anchored Shopping Center, known as Presidio Square, and spans approximately 189,338 square feet. The transaction took place on 02/09/2024.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 14498 Bellaire Boulevard
  • Market: Houston
  • Square Footage: 189,338 SF

The buyer in this transaction was Wu Properties, while the seller was North American Development Group. David Disney and Adam Crockett from Disney Investment Group served as the brokers representing both parties involved in the deal.

Players

David Disney

Disney Investment Group

Broker

$82.2M

vol

13 deals

Broker

Houston 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