SOLDRetail
DML Capital Sells Retail Property In Houston For An Undisclosed Amount
1702 Fountain View Drive, Houston, Texas 77057, United States
Building Size
2,842 SF
Asset Type
Retail
Closing
Jul 27, 2022
AI
A retail property located at 1702 Fountain View Dr in Houston has been sold. The property spans 2,842 square feet and sits on a 0.56-acre lot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 1702 Fountain View Dr
- Market: Houston
- Square Footage: 2,842
- Lot Size: 0.56 acres
The seller of the property was DML Capital. The sale was facilitated by brokers Alex Sharrin, Alex Geanakos, and Nick Franklin from JLL Capital Markets.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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