SOLDRetail
Fernando Donatti Purchases 7,000 SF Retail Property From Ramesh Konidala In Houston
7003 Harrisburg Boulevard
Building Size
7,000 SF
Asset Type
Retail
Closing
Jul 21, 2026
AI
The property asset involved in the transaction is a retail space located at 7003 Harrisburg Boulevard in the Houston market. The total square footage of the asset is 7,000. The transaction was conducted on July 21, 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 7003 Harrisburg Boulevard
- Market: Houston
- Square Footage: 7,000
- Buyer: Fernando Donatti
- Seller: Ramesh Konidala
- Seller's Representative: Rafael Melara - ROM Commercial Properties
This distinct transaction features buyer Fernando Donatti acquiring the property from seller Ramesh Konidala, with Rafael Melara representing the seller in this deal through ROM Commercial Properties.
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