Meraki Franchisee I Acquires Retail Property In Houston For 1,368 SF
8405 North Houston Rosslyn Road, Houston, TX, USA
Building Size
1,368 SF
Asset Type
Retail
Closing
Jul 18, 2020
AI
An 1,368 square foot retail property located at 8405 N. Houston Rosslyn Road in Houston has been sold. The transaction took place on July 18, 2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: Not provided
- Address: 8405 N. Houston Rosslyn Road
- Market: Houston
- Square Footage: 1,368
The seller of the property was SRI Real Estate Properties, LLC, while the buyer was Meraki Franchisee I. Representing the seller was Amit Mehta from Amit Mehta Inc. The buyer was represented by Joseph Marburger, Brad LyBrand, and Glenn Dickerson from NewQuest Properties.
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