Avani Patel Acquires Retail Property At 7503 Airline Drive From Damien Tuffereau With Broker Jackson Brewer & Adam Gottschalk
7503 Airline Drive
Building Size
4,000 SF
Asset Type
Retail
Closing
Dec 10, 2024
AI
The property asset involved in the transaction is a retail space located at 7503 Airline Drive in Houston. The asset has a square footage of 4,000 and is situated in the Houston market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Avani Patel
- Seller: Damien Tuffereau
- Broker: Jackson Brewer & Adam Gottschalk - STRIVE
This distinct deal was facilitated by brokers Jackson Brewer and Adam Gottschalk, who represented the parties involved in the transaction. The closing date of the transaction was on 12/10/2024.
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