Marcus & Millichap Represents Seller In Sale Of Yorktown Crossing Retail Center In Houston
5537 North Highway 6
Building Size
22,350 SF
Asset Type
Retail
Closing
Jul 22, 2024
About this deal
AI
The transaction involved a retail asset located at 5537 North Highway 6 in Houston, encompassing a total square footage of 22,350 and sitting on 2.6 acres. The property is fully leased to 12 tenants under triple-net leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Size: 22,350 square feet
- Address: 5537 North Highway 6
- Market: Houston
- Acres: 2.6
John Wagner and Justin Miller of Marcus & Millichap’s Houston office represented the seller, a private out-of-state investor, while the buyer is identified as a Houston-based private investor. Marcus & Millichap facilitated the successful sale of the asset known as Yorktown Crossing.
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