Farha International Inc. Acquires Retail Property On Gulf Freeway In Houston
8525 Gulf Freeway, Houston, Texas 77017, United States
Building Size
74,501 SF
Asset Type
Retail
Closing
Aug 7, 2022
AI
An investment property in Houston has been sold for an undisclosed amount. The retail property, located at 8525 Gulf Freeway, spans 74,501 square feet and sits on approximately 6.79 acres. The transaction took place on 08/08/2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 8525 Gulf Freeway
- Market: Houston
- Size: 74,501 square feet
- Acres: 6.79
Farha International Inc. has acquired the property from Monroe Casco Ltd. The buyer was represented by David Luther from NewQuest Properties, while the seller was represented by John Indelli from JLL and Daniel N. Casey from Casco Realty Advisors Inc.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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