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7503 Airline Drive

Avani Patel Acquires Retail Property At 7503 Airline Drive From Damien Tuffereau With Broker Jackson Brewer & Adam Gottschalk
SOLDRetail

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

Jackson Brewer

Strive

Broker

4 deals

Broker

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