American Builders & Contractors Supply Co. Acquires Retail Property In Houston
14904 North Freeway, Houston, TX, USA
Building Size
15,891 SF
Asset Type
Retail
Closing
Oct 28, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 14904 North Freeway in Houston. It sits on approximately 1.64 acres of land and has a total area of 15,891 square feet. The sale of this property took place on October 28, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 14904 North Freeway
- Market: Houston
- Acres: 1.64
- Square Feet: 15,891
American Builders & Contractors Supply Co. acted as the buyer in this transaction, while LMC Marine Center was the seller. The buyer's representative was Joe Evans from Evans Properties, and the seller's representative was Tom Condon Jr. from Colliers.
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