Fifth Corner Property Fund I LP Acquires Property At 3402 N Shepherd Dr In Houston
3402 N Shepherd Dr, Houston, TX, 77...
Building Size
14,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 3402 N Shepherd Dr, Houston, TX, with a square footage of 14,000. The market for this asset is Houston.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not specified
- Address: 3402 N Shepherd Dr, Houston, TX
- Market: Houston
- Seller's Representatives: Justin Miller - Transwestern, Davis Hansen - Marcus & Millichap
- Buyer: Fifth Corner Property Fund I LP
- Square Footage: 14,000
This transaction involved key individuals and organizations, specifically the seller's representatives, Justin Miller from Transwestern and Davis Hansen from Marcus & Millichap, who facilitated the deal for the seller, while the buyer was Fifth Corner Property Fund I LP, acquiring the property in the Houston market.
On the Map
Retail
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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