Cushman & Wakefield Acquires Retail Property In Houston For $Undisclosed
8550 West Broadway Street, Houston, TX, USA
Building Size
4,842 SF
Asset Type
Retail
Closing
Jul 6, 2020
AI
A retail property located at 8550 Broadway Street in Houston has been sold. The property spans over 4,842 square feet and was sold on July 6, 2021. The transaction was facilitated by Austin Blodgett from RealSource, along with ParaSell Inc, representing the seller. Chuck Klein from Cushman & Wakefield served as the buyer's representative.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 8550 Broadway Street
- Market: Houston
- Square Footage: 4,842 SF
Austin Blodgett from RealSource and ParaSell Inc represented the seller in the transaction, while Chuck Klein from Cushman & Wakefield served as the buyer's representative.
Players
Pearland 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