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
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