Fidelis Realty Partners Acquires Retail Property In Pearland, TX From EDENS
2805 Business Center Drive, Pearland, TX 77584
Building Size
613,468 SF
Asset Type
Retail
Closing
Jan 19, 2022
About this deal
AI
Located at 2805 Business Center Dr. in Pearland, TX, this retail property spans a total of 613,468 square feet. The transaction took place on January 19, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Fidelis Realty Partners LLC
- Seller: EDENS
- Brokers: Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer, and Katherine Miller - JLL Capital Markets
The deal involved Fidelis Realty Partners LLC as the buyer and EDENS as the seller. The transaction was facilitated by brokers Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer, and Katherine Miller from JLL Capital Markets.
On the Map
Retail
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Players
Pearland 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