Wu Properties Acquires Retail Property On Eldridge Pkwy In Houston For $UNSPECIFIED
2660 Eldridge Parkway, Houston, Texas 77082, United States
Building Size
262,556 SF
Asset Type
Retail
Closing
Jul 12, 2022
AI
Wu Properties has successfully acquired a retail property located at 2660 Eldridge Pkwy S. in Houston. The property spans an impressive 262,556 square feet and sits on approximately 32.52 acres of land. The transaction took place on July 13, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2660 Eldridge Pkwy S., Houston
- Market: Houston
- Size: 262,556 square feet
- Acres: 32.52
The property was sold by Walton Street Capital, LLC. The deal was facilitated by the brokers Chris Gerard, Ryan West, Erin Lazarus, and Megan Babovec from JLL Capital Markets. Their expertise and representation played a crucial role in the successful completion of the transaction.
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