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:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Jeries Ganim
- Seller: Chun Hung
- Broker: John Baddour - HighStreet Net Lease Group
- Date of Transaction: 12/31/2024
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
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