Bel Furniture Acquires Retail Property In Houston With Seller's Rep Baker Katz
7111 Farm-to-Market 1960 West, Houston, TX 77069
Building Size
60,935 SF
Asset Type
Retail
Closing
Jul 30, 2020
About this deal
AI
The retail property located at 7111 FM 1960 Rd W in Houston has been sold in a recent transaction. Covering an area of 60,935 square feet on a 2.4-acre plot, this property offers ample space for various retail operations.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 07/30/2021
- Address: 7111 FM 1960 Rd W
- Market: Houston
- Square Footage: 60,935
- Acreage: 2.4
The seller of this property was Power Squared Group, while the buyer was Bel Furniture. Representing the seller were Jason Baker and Ben Brown from Baker Katz. On the buyer's side, Brian Ashby from CBRE served as the buyer's representative.
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