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2660 Eldridge Parkway, Hous...

Wu Properties Acquires Retail Property On Eldridge Pkwy In Houston For $UNSPECIFIED
SOLDRetail

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

Erin Lazarus

JLL

Broker

$565M

vol

23 deals

Broker
WP
Wu PropertiesBuyer
Walton Street Capital
Walton Street CapitalLender

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