Ideal Plus Inc. Acquires Retail Property In Houston From Hass Holdings
9191 North Loop East Freeway, Houston, TX, USA
Building Size
4,828 SF
Asset Type
Retail
Closing
Jul 31, 2021
About this deal
AI
An Ideal Plus Inc. has acquired a retail property in Houston. The property, located at 9191 North Loop East, spans across 4,828 square feet on a 3.319-acre lot. The transaction took place on July 31, 2021, with the buyer represented by Zhijun Li from R. Alexa Group and the seller represented by Jenny Seckinger and Ace Schlameus from Colliers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 9191 North Loop East, Houston
- Square Footage: 4,828
- Lot Size: 3.319 acres
Jenny Seckinger and Ace Schlameus from Colliers represented the seller, Hass Holdings, in the transaction. On the other side, Zhijun Li from R. Alexa Group acted as the buyer's representative.
On the Map
Retail
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Players
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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