First National Realty Partners Acquires Retail Property In Houston For $UndisclosedM
5215 Fm 1960 West, Houston, Texas 77070, United States
Building Size
61,600 SF
Asset Type
Retail
Closing
Apr 5, 2022
AI
A retail property located at 5215 FM 1960 Road W in Houston has been sold. The property spans approximately 61,600 square feet and sits on 32 acres of land.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5215 FM 1960 Road W, Houston
- Market: Houston
- Size: 61,600 square feet
- Acres: 32
The buyer of the property is First National Realty Partners, LLC (FNRP), represented by Stephen Joseph. The deal was facilitated by brokers Chris Gerard, Ryan West, and Ethan Goldberg from JLL.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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