facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

Houston, Texas, United States

Hunington Properties Inc. Sells 13 Shopping Centers For $100.6M In Recent Deals
SOLDRetail

Hunington Properties Inc. Sells 13 Shopping Centers For $100.6M In Recent Deals

Houston, Texas, United States

$100,628,261

$470/SF

Building Size

214,064 SF

Asset Type

Retail

Closing

Feb 10, 2022

AI

Hunington Properties Inc. has recently sold 13 shopping centers in Texas for a total of $100,628,261. The average cap rate for these centers was 6 percent. The properties are located in various cities including Sugar Land, Conroe, The Woodlands, San Antonio, Prosper, Katy, Sachse, Rosenberg, Austin, and Round Rock.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $100,628,261
  • Market: Houston, Dallas, Austin & San Antonio
  • Total Square Footage: 214,064 SF

In this deal, Sandy P. Aron from Hunington Properties, Inc. represented the seller as the broker. Sandy P. Aron and the team at Hunington Properties, Inc. were responsible for the successful disposition of these shopping centers.

Players

Sandy P. Aron

Broker

$100.6M

vol

2 deals

Broker

Houston Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93