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Bridgewell Property Management Acquires Houston Retail Centers From Whitestone REIT
SOLD
+ 1
Texas
See Similar DealsRetail93,700 SF
Sold 07/26/2023
SOLD
Bridgewell Property Management Acquires Houston Retail Centers From Whitestone REIT
3800 S Gessner Rd Houston, TX 77063, USA
See Similar DealsRetail93,700 SF
Sold 07/26/2023
+ 1
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:93,700 SF
Transaction Type:Sale
Bridgewell Property Management has acquired two retail centers in Houston, Texas, totaling over 93,700 square feet. The centers, located at 3800 & 3700 South Gessner Road, are strategically positioned in the high-traffic Westchase trade area. With an occupancy rate of 80%, these retail centers present a valuable investment opportunity in a prime location.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 93,700 SF
- Market: Houston
The buyer, Bridgewell Property Management, recognized the potential of these retail centers in the Westchase trade area and seized the opportunity to expand its portfolio. Meanwhile, Whitestone REIT acted as the seller in this transaction. The deal was facilitated by brokers John Indelli, Ryan West, Clay Anderson, and Ryan Olive, who represented both the buyer and seller's interests in the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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