Private Investor Acquires Property At 5427 Bissonnet St Houston With Seller's Reps Kris Von Hohn And Christian Harden
5427 Bissonnet St, Houston, TX, 77081
Building Size
12,768 SF
Asset Type
Retail
Closing
Apr 29, 2019
About this deal
AI
The transaction involved the sale of Bissonnet Corner, a retail center located at 5427 Bissonnet St, Houston, TX, 77081. The property encompasses 12,768 square feet and features a variety of local retailers, including Saltillo Mexican Kitchen and Bissonnet Dental. Built in 2008, the retail center is situated in the Bellaire neighborhood of Houston.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 5427 Bissonnet St, Houston, TX, 77081
- Square Footage: 12,768
- Market: Houston
- Seller's Representatives: Kris Von Hohn (Cushman & Wakefield), Christian Harden (NAI Capital)
- Buyer: Private Investor
The representatives of the seller included Chris Harden, Kris Von Hohn, and Ryan Duffie from Cushman & Wakefield, showcasing a collaboration among experienced brokers in the sector. The buyer remains undisclosed, reflecting the confidentiality often associated with private investment transactions.
On the Map
Retail
View full map
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas retail sales on Traded.
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