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8452 Gulf Fwy, Houston, TX,...

Unknown Buyer Acquires Property At 8452 Gulf Fwy Houston From Seller Burdette Huffman Of Edge Realty
SOLDRetail

Unknown Buyer Acquires Property At 8452 Gulf Fwy Houston From Seller Burdette Huffman Of Edge Realty

8452 Gulf Fwy, Houston, TX, 77017

Building Size

49,865 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property involved in this transaction is a retail center located at 8452 Gulf Fwy, Houston, TX, 77017. The retail center encompasses a total area of 49,865 square feet and was constructed in 1970 on a 1.9-acre lot. It is situated at a strategic point at the junction of Interstate 45 and Monroe Boulevard, which enhances its accessibility and visibility in the Houston market. Current tenants of the property include a Chinese restaurant named Oriental Gourmet and Majestic Tuxedos.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: Unknown
  • Address: 8452 Gulf Fwy, Houston, TX, 77017
  • Market: Houston
  • Square Footage: 49,865
  • Seller's Representative: Burdette Huffman - Edge Realty
  • Buyer: Unknown

Burdette Huffman of Edge Realty Partners represented the undisclosed seller in this transaction. The identity of the buyer remains undisclosed. The brokerage firm, EDGE Realty Partners Capital Markets, facilitated the sale.

Players

Burdette Huffman

The Blue Ox Group

Broker

3 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