Stratiq Capital Acquires Retail Property In Houston For Sale
1911 Washington Avenue, Houston, Texas 77007, United States
Building Size
—
Asset Type
Retail
Closing
Jun 1, 2022
About this deal
AI
1911 Washington Ave in Houston has been sold in a recent retail property transaction. The property, which is located at 1911 Washington Ave, offers a unique investment opportunity in the bustling Houston market. The sale was closed on 06/02/2022, with Stratiq Capital purchasing the property from Washington White, Ltd.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1911 Washington Ave, Houston
- Market: Houston
CXRE, LLC acted as the broker in this transaction, representing both the buyer, Stratiq Capital, and the seller, Washington White, Ltd. Stephen Edworthy, from Stratiq Capital, played a key role in the deal as the buyer's representative.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93