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:
- Property Type: Retail
- Transaction Amount: Not specified
- Asset Address: 1507 West Bay Brook Area Boulevard
- Market: Webster
- Square Footage: 279,000
- Buyer: Alan Hassenflu - Fidelis Realty Partners
- Seller: O’Connor Capital Partners/Wafra
- Brokers: Mark Witcher, Jolie Duhon, Jim Batjer, Chris Cozby, Harrison Tye - CBRE
- Mortgage Brokers: Brent Crawford, John Fenoglio - CBRE
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
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