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2805 Business Center Drive,...

Fidelis Realty Partners Acquires Retail Property In Pearland, TX From EDENS
SOLDRetail

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

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

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.

Players

Katherine Miller

JLL

Broker

$147M

vol

7 deals

Broker
FL
Fidelis Realty Partners LLCBuyer

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