John Zaid Purchases Retail Property From William Friedrichs At 803 East Nasa Parkway
803 East Nasa Parkway
Building Size
76,000 SF
Asset Type
Retail
Closing
Nov 20, 2024
AI
The property asset involved in this transaction is located at 803 East Nasa Parkway in Webster. The retail asset encompasses a total square footage of 76,000. The buyer of the property is John Zaid, while the seller is William Friedrichs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 803 East Nasa Parkway
- Market: Webster
- Square Footage: 76,000
- Buyer: John Zaid
- Seller: William Friedrichs
- Broker: John Baddour - HighStreet Net Lease Group
- Date of Transaction: 11/20/2024
This transaction highlights key individuals in the deal. John Baddour from HighStreet Net Lease Group represented the seller, William Friedrichs, in the negotiation and sale of the property.
Players
Webster 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