35 South Capital Acquires Retail Property In Houston For $13.1M
3642 University Blvd, Houston, TX, USA
Building Size
13,142 SF
Asset Type
Retail
Closing
Jun 12, 2021
About this deal
AI
A retail property located at 3642 University Blvd in Houston has been sold. The property has a total square footage of 13,142 and was sold on June 13, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The buyer of the property is 35 South Capital, represented by John Morton and Steve LeBlanc.
Traded’s record for 3642 University Blvd, Houston, TX, USA in Houston, Texas covers a retail sale from 2021. The building is 13,142 square feet, implying about 0 per square foot on the published price. This page is the Houston, Texas file for the 3642 University Blvd, Houston, TX, USA retail sold: pricing, party profiles, and other closed retail comps from the same Houston sit in the Market section below. Filter that Houston retail set by closing date to see what else sold near 3642 University Blvd, Houston, TX, USA around 2021. Cite this 35 South Capital Acquires Retail Property In Houston For $13.1M sale when underwriting similar retail product around Houston, Texas.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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