JLL Brokers Sale Of Garden Oaks Shopping Center In Houston With Buyer's Rep Cushman & Wakefield
3800 North Shepherd Drive
Building Size
13,877 SF
Asset Type
Retail
Closing
Jan 9, 2024
About this deal
AI
Garden Oaks Shopping Center, a fully leased 13,877-square-foot retail strip center in northwest Houston, has been sold. The property, located at 3800 North Shepherd Drive, was brokered by JLL. The undisclosed buyer now owns the retail strip center.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 13,877
- Address: 3800 North Shepherd Drive
- Market: Houston
The seller, Fifth Corner, was represented by JLL's Ryan West, John Indelli, and Clay Andersen. On the buyer's side, the deal was facilitated by Cushman & Wakefield's David Cook and Meredith T. Cullen.
No additional information regarding the transaction has been disclosed.
On the Map
Retail
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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