BK Kirby LP Purchases Property At 5802 Kirby Dr Houston With Seller's Rep Jim Bayne
5802 Kirby Dr, Houston, TX, 77005
Building Size
9,190 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
A 9,190-square-foot shopping center located at 5802 Kirby Drive in southwest Houston has been acquired by BK Kirby LP, an entity of Houston-based Baker Katz. The shopping center includes tenants such as Papa John’s, Creative Blinds, RadioShack, and Sprint.
Summary of transaction details:
- Property Type: Shopping Center
- Transaction Amount: Not Disclosed
- Address: 5802 Kirby Dr, Houston, TX, 77005
- Market: Houston
- Buyer: BK Kirby LP
- Seller: Kirby Shopping Center LP
- Seller's Rep: Jim Bayne - Investar Real Estate Services
Jim Bayne of Investar Real Estate Services Inc. represented the seller, Kirby Shopping Center LP, in this transaction, facilitating the deal for the shopping center in Houston.
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