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Hunington Properties broker...

Updated Sep 11, 2026

SOLDRetail

Sandy P. Aron Acquires Retail Portfolio In Houston For $35 Million

$35,000,000

$188/SF

Building Size

185,591 SF

Asset Type

Retail

Closing

Feb 28, 2023

About this deal

AI

Sandy P. Aron has acquired a portfolio of properties in the Houston MSA, including medical and retail buildings, from Fidelis Realty Partners. The portfolio spans a total of 185,591 square feet and was purchased for a total price of $35,000,000, resulting in a price per square foot of $189. The transaction was completed on February 28, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $35,000,000
  • Square Footage: 185,591
  • Price Per Square Foot: $189
  • Buyer: Sandy P. Aron
  • Seller: Fidelis Realty Partners
  • Buyer's Representative: Todd A. Carlson - Hunington Properties

Hunington Properties, represented by Todd A. Carlson, facilitated the transaction between Sandy P. Aron and Fidelis Realty Partners. The buyer assumed the existing securitized mortgage from the seller as part of the deal.

Players

Todd A. Carlson

Hunington Properties

Broker

$70M

vol

4 deals

Broker
FL
Fidelis Realty Partners LLCSeller
Bilt advertisement

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $188 per square foot on a published $35M for 185,591 square feet (2023).

Visit Todd A. Carlson to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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