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
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.
Players
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