SOLDRetail
Marcus & Millichap Brokers Sell Houston Retail Property On Bissonet Street
9990 Bissonnet Street, Houston, Texas 77036, United States
Building Size
29 SF
Asset Type
Retail
Closing
Nov 15, 2022
About this deal
AI
A retail property located at 9990 & 10000-30 Bissonet Street in Houston, TX has been sold. The property encompasses a total square footage of 29,205 and sits on 5.6 acres of land. The transaction took place on November 15, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9990 & 10000-30 Bissonet Street, Houston, TX
- Market: Houston, TX
- Square Footage: 29,205
- Acres: 5.6
The sale of this retail property was facilitated by brokers Alex Wolansky and Gus Lagos from Marcus & Millichap.
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