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7011 Harrisburg BLVD, Houst...

Mark Kalil Of Mark Kalil & Associates Represents Buyer In Sale Of 7011 Harrisburg Blvd Houston
SOLDRetail

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

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:

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.

Players

Josh Jacobs

The Blue Ox Group

Broker

4 deals

Broker

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