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
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.
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