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
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.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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