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
About this deal
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.
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