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9191 North Loop East Freewa...

Ideal Plus Inc. Acquires Retail Property In Houston From Hass Holdings
SOLDRetail

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

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.

Players

Ace Schlameus

Colliers

Broker

5 deals

Broker
HH
Hass HoldingsSeller

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