CJ Express Acquires Retail Property From Irvington BLVD INV In Houston Via SK Real Estate Consulting
7419 Irvington Boulevard
Building Size
2,300 SF
Asset Type
Retail
Closing
Aug 1, 2024
AI
The property involved in this transaction is a retail asset located at 7419 Irvington Boulevard in Houston. The deal was finalized on July 31, 2024, involving a transfer of ownership from the seller to the buyer. The specific characteristics of the property associated with the sale are not detailed in the context provided.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: CJ Express
- Seller: Irvington BLVD INV
- Broker: SK Real Estate Consulting
The key individuals in this transaction include CJ Express as the buyer and Irvington BLVD INV as the seller, with SK Real Estate Consulting serving as the broker representing the interests of the seller in this deal.
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