Partners Capital Acquires Retail Property In Houston
2323 Clear Lake City Boulevard, Houston, TX 77062
Building Size
98,522 SF
Asset Type
Retail
Closing
Jan 14, 2022
About this deal
AI
A retail property located at 2323 Clear Lake City Boulevard in Houston has been sold. The property has a total area of 98,522 square feet. The sale was finalized on January 14, 2022. The buyer of the property is Partners Capital, represented by Andrew Pappas.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 2323 Clear Lake City Boulevard
- Market: Houston
- Buyer: Partners Capital - Andrew Pappas
Partners Capital, led by Andrew Pappas, was the buyer in this transaction. The deal represents their acquisition in the Houston retail market.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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