SOLDRetail
Satya Acquires Retail Property In Houston For 15,059 SF
Louetta Road, Houston
Building Size
15,059 SF
Asset Type
Retail
Closing
Mar 18, 2021
About this deal
AI
A retail property located at Highway 290 & Louetta Road in Houston was recently sold. The property spans 15,059 square feet and was sold on March 19, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Houston
- Address: Highway 290 & Louetta Road
- Square Footage: 15,059
- Buyer: Satya
- Brokers: Josh Jacobs - Blue Ox Group, and David Luther - NewQuest Properties
The deal was facilitated by two brokers, Josh Jacobs from Blue Ox Group and David Luther from NewQuest Properties.
On the Map
Retail
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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