HMH Group Purchases Retail Asset From Jeff Zinn At 2590 South Loop West Houston
2590 South Loop West
Building Size
16,000 SF
Asset Type
Retail
Closing
Feb 7, 2025
About this deal
AI
A retail property located at 2590 South Loop West in Houston sold recently. The asset encompasses a total square footage of 16,000, involved in a sale transaction on 02/07/2025.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: HMH Group
- Seller: Jeff Zinn
- Broker: John Baddour - HighStreet Net Lease Group
John Baddour from HighStreet Net Lease Group represented the seller in this transaction. The buyer, HMH Group, is actively seeking to acquire similar value-add opportunities in Texas, specifically with vacancy on busy thoroughfares.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Houston retail sales on Traded.
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