Brixmor Property Group Acquires Retail Property On Bellaire Blvd In Houston From Camden Securities Company
4004 Bellaire Boulevard, Houston, Texas 77005, United States
Building Size
60,136 SF
Asset Type
Retail
Closing
May 3, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 4004-4060 Bellaire Blvd in Houston. It spans approximately 60,136 square feet. The sale took place on 05/04/2022, and the buyer is Brixmor Property Group, while the seller is Camden Securities Company.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4004-4060 Bellaire Blvd
- Market: Houston
- Square Footage: 60,136
The brokers involved in this deal are Chris Gerard, Ryan West, and Katherine Miller from JLL Capital Markets, representing their respective parties.
On the Map
Retail
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Players
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