Mark Kalil Of Mark Kalil & Associates Represents Buyer In Sale Of 7011 Harrisburg Blvd Houston
7011 Harrisburg BLVD, Houston, TX, 7...
Building Size
14,230 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is the Harrisburg Retail Center, a 14,230-square-foot asset located at 7011 Harrisburg Blvd in Houston, TX. This retail center is anchored by Turimex Internacional, a prominent transportation company in Mexico and the United States. The market for this property is Houston, highlighting its strategic position within the East Downtown submarket.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Unknown
- Address: 7011 Harrisburg BLVD, Houston, TX
- Square Footage: 14,230
- Buyer: Unknown
- Seller: Unknown
- Buyer's Representative: Mark Kalil - Mark Kalil & Associates
- Seller's Representatives: Josh Jacobs - The Blue Ox Group, Burdette Huffman - Edge Realty
The transaction was facilitated by EDGE Realty Capital Markets, employing the expertise of Burdette Huffman and Josh Jacobs to represent the undisclosed seller. Mark Kalil acted on behalf of the buyer in this deal.
On the Map
Retail
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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