California Investor Sells 47,988 SF Houston Retail Building Fully Leased To 24 Hour Fitness
7300 West Greens Road
Building Size
47,988 SF
Asset Type
Retail
Closing
Apr 29, 2026
AI
A retail building at 7300 West Greens Road, with a total area of 47,988 square feet, was sold in Houston. The property encompasses 5.5 acres and is fully leased to 24 Hour Fitness. A California-based investor sold the asset to a local buyer utilizing a 1031 exchange.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Address: 7300 West Greens Road, Houston
- Asset Size: 47,988 SF
- Acres: 5.5
- Seller: California-based investor
- Buyer: Local 1031 exchange buyer
- Brokers: Scott Jones, Gus Lagos & Alex Wolansky - Marcus & Millichap
Scott Jones, Gus Lagos, and Alex Wolansky of Marcus & Millichap represented the seller in this transaction and also played a key role in procuring the buyer.
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