NAI Partners Acquires Retail Property On Richmond Ave In Houston
9275 Richmond Avenue, Houston, TX, USA
Building Size
76,847 SF
Asset Type
Retail
Closing
Jul 23, 2021
About this deal
AI
Located at 9275-9277 Richmond Ave in Houston, this retail property was recently sold in a closed transaction. Spanning across 76,847 square feet, the property offers an expansive space for retail operations.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9275-9277 Richmond Ave, Houston
- Market: Houston
The sale of this retail property was facilitated by Davis Amanyisye and Ryan DeGennaro from NAI Partners. They served as the brokers representing the buyer and seller in this transaction.
Traded’s record for 9275 Richmond Avenue, Houston, TX, USA in Houston, Texas covers a retail sale from 2021. The building is 76,847 square feet, implying about 0 per square foot on the published price. Ryan DeGennaro, Davis Amanyisye, NAI Global, Partners Real Estate appear on the sale alongside NAI Global, Partners Real Estate. This page is the Houston, Texas file for the 9275 Richmond Avenue, Houston, TX, USA retail sold: pricing, party profiles, and other closed retail comps from the same Houston sit in the Market section below. Filter that Houston retail set by closing date to see what else sold near 9275 Richmond Avenue, Houston, TX, USA around 2021. Cite this NAI Partners Acquires Retail Property On Richmond Ave In Houston sale when underwriting similar retail product around Houston, Texas.
Players
Houston 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