HGreg Investment Acquires 80,000 SF Retail Property In Houston
6737 Southwest Freeway, Houston, Texas 77074, United States
Building Size
80,000 SF
Asset Type
Retail
Closing
Aug 4, 2022
AI
Located at 6737 Southwest Fwy in Houston, this retail property spans approximately 80,000 square feet. The transaction, which took place on August 5, 2022, involved a sale. The property is owned by HGreg Investment and was sold for an undisclosed amount.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/05/2022
- Address: 6737 Southwest Fwy, Houston
- Market: Houston
- Property Size: 80,000 square feet
Nathan Denton, Justin Tunnel, and Chase Cribbs from Lee & Associates represented HGreg Investment as the brokers in this transaction. They facilitated the sale of the retail property located at 6737 Southwest Fwy.
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