Adkisson Development Acquires Former Bank Site From First Service Credit Union In Houston For Retail Development
12755 North Houston Rosslyn Road
Building Size
6,803 SF
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 12755 North Houston Rosslyn Road in the Houston market. The property encompasses a total of 6,803 square feet and was previously utilized as a bank site.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Adkisson Development
- Seller: First Service Credit Union
- Brokers: Randy Wilhelm, Ryan DeGennaro, Travis Land, Braedon Emde & Alisha Renshaw - Partners Real Estate
The deal was facilitated by the brokerage team consisting of Randy Wilhelm, Ryan DeGennaro, Travis Land, Braedon Emde, and Alisha Renshaw from Partners Real Estate. Adkisson Development has intentions to transform the former bank site into an industrial building. Interested parties can reach out to Braedon Emde or Alisha Renshaw for more details regarding the upcoming development.
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