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4617 Nett Street, Houston, ...

JP Interest, Inc. & Net Long, LLC Acquire Retail Property In Houston For $UndisclosedM
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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

Brad LyBrand

NewQuest Properties

Broker

7 deals

Broker

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