Marcus & Millichap Brokers Sale Of 62990 Square Foot Retail Center In Houston
8145 Highway 6 South
Building Size
62,990 SF
Asset Type
Retail
Closing
Feb 13, 2025
About this deal
AI
The asset involved in this transaction is a fully leased retail center known as Beechnut Village, which spans a total of 62,990 square feet. It is located at 8145 Highway 6 South in the Houston market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 62,990
- Address: 8145 Highway 6 South
- Market: Houston
- Seller's Representatives: Philip Levy & Scott Abeel - Marcus & Millichap
- Mortgage Broker: Jamie Safier - Marcus & Millichap
Philip Levy and Scott Abeel served as the representatives for the seller in this transaction, while Jamie Safier handled the acquisition financing on behalf of the local private investor 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