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
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
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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