David K. Holeman Of Whitestone REIT Acquires Ashford Village Retail Center In Houston For $21.7M
1801 South Dairy Ashford Road
$21,700,000
$266/SF
Building Size
81,407 SF
Asset Type
Retail
Closing
Nov 3, 2025
About this deal
AI
Whitestone REIT acquired the retail asset located at 1801 South Dairy Ashford Road in Houston for $21.7 million. The property spans 81,407 square feet and is noted for being 99.6% leased, primarily anchored by Seiwa Market. The transaction marks Whitestone REIT's 10th neighborhood shopping center acquisition in Houston.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,700,000
- Square Footage: 81,407
- Price Per Square Foot: $267
- Buyer: David K. Holeman - Whitestone REIT
- Seller: Steven Alvis - NewQuest Properties
- Market: Houston
This transaction involved David K. Holeman representing Whitestone REIT in the acquisition, while Steven Alvis represented NewQuest Properties, the seller of the property.
On the Map
$21,700,000
$266/SF
Retail
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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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93