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
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