Fifth Corner Acquires Retail Property In Houston With Buyer's Rep Chad Braun & Tenel Tayar
2500 Bagby Street, Houston, Texas 77006, United States
Building Size
26,956 SF
Asset Type
Retail
Closing
May 3, 2022
About this deal
AI
The retail property located at 2500-2503 Bagby and 2450 Louisiana in Houston has recently been sold. The transaction took place on May 4, 2022, and the property spans an area of 26,956 square feet, sitting on a 2.01-acre plot. The property is part of the retail market in Houston.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The buyer of the property is Fifth Corner, represented by Chad Braun and Tenel Tayar. No further information is available about the transaction.
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