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1507 West Bay Area Boulevard

Alan Hassenflu Of Fidelis Realty Partners Acquires Baybrook Village Shopping Center From O’Connor Capital Partners And Wafra
SOLDRetail

Alan Hassenflu Of Fidelis Realty Partners Acquires Baybrook Village Shopping Center From O’Connor Capital Partners And Wafra

1507 West Bay Area Boulevard

Building Size

279,000 SF

Asset Type

Retail

Closing

Mar 6, 2026

AI

The transaction involves the sale of a retail asset, specifically Baybrook Village, located at 1507 West Bay Brook Area Boulevard in Webster. The total square footage of the shopping center is 279,000. The seller was O’Connor Capital Partners in conjunction with Wafra, who had owned the property for over a decade.

Summary of transaction details:

Brent Crawford and John Fenoglio arranged financing for the buyer, Fidelis Realty Partners. The representation of the seller in this transaction was executed by CBRE, with five brokers on the deal team, highlighting their involvement in facilitating this property transaction.

Players

Jim Batjer

CBRE

Broker

3 deals

Broker

Alan Hassenflu

Fidelis Realty Partners LLC

Buyer

$62.1M

vol

4 deals

Buyer
W
WafraSeller

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