JP Interest, Inc. & Net Long, LLC Acquire Retail Property In Houston For $UndisclosedM
4617 Nett Street, Houston, TX 77007
Building Size
6,000 SF
Asset Type
Retail
Closing
Jun 6, 2020
About this deal
AI
JP Interest, Inc. and Net Long, LLC have purchased a retail property located at 4617 Nett St. in Houston. The property, measuring 6,000 square feet and sitting on 0.38 acres of land, was sold by McGaughy Thomson & Stewart Properties, LLC. The transaction was facilitated by Brad LyBrand of NewQuest Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4617 Nett St., Houston
- Market: Houston
- Square Footage: 6,000
- Acres: 0.38
This transaction involved the purchase of a retail property in Houston. The property, located at 4617 Nett St., spans 6,000 square feet and sits on 0.38 acres. It was sold by McGaughy Thomson & Stewart Properties, LLC to buyers JP Interest, Inc. and Net Long, LLC. Brad LyBrand of NewQuest Properties represented the buyers in this transaction.
On the Map
Retail
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Players
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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