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3800 North Shepherd Drive

JLL Brokers Sale Of Garden Oaks Shopping Center In Houston With Buyer's Rep Cushman & Wakefield
SOLDRetail

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

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.

Players

Ryan West

JLL

Broker

$477M

vol

40 deals

Broker

Kerr Taylor

Fifth Corner

Seller

3 deals

Seller

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