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8801 9th Avenue

Jeries Ganim Acquires Retail Property In Port Arthur From Chun Hung Represented By John Baddour
SOLDRetail

Jeries Ganim Acquires Retail Property In Port Arthur From Chun Hung Represented By John Baddour

8801 9th Avenue

Building Size

98,830 SF

Asset Type

Retail

Closing

Dec 31, 2024

AI

The property asset involved in the transaction is a retail space located at 8801 9th Avenue in Port Arthur. The asset encompasses a total square footage of 98,830.

Summary of transaction details:

The transaction was facilitated by John Baddour, representing the broker agency HighStreet Net Lease Group, indicating his role in coordinating the deal between the buyer, Jeries Ganim, and the seller, Chun Hung.

Players

John Baddour

ProspectCRE, LLC

Broker

19 deals

Broker

Port Arthur 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