Redfish Management LLC Acquires 13,585 SF Retail Building In Houston For $UndisclosedM
5226 Elm Street
Building Size
13,585 SF
Asset Type
Retail
Closing
Nov 7, 2023
About this deal
AI
A 13,585-square-foot retail building located at 5226 Elm Street in West Houston has been sold in a recent transaction. The single-tenant property, built in 1998, was facilitated by Cypressbrook Co., a local brokerage firm. Redfish Management LLC purchased the property, with Craig Appleby of Remax Fine Properties representing the buyer, and George Montes of Cypressbrook representing the seller.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5226 Elm Street, West Houston
- Market: Houston
- Square Footage: 13,585
Cypressbrook Co. played a key role in the sale of the retail building. Redfish Management LLC, represented by Craig Appleby of Remax Fine Properties, purchased the property from the seller's representative, George Montes of Cypressbrook.
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