National Syndicator Acquires Dark Walgreens Retail Asset At 8910 Jones Road In Houston
8910 Jones Road
Building Size
13,500 SF
Asset Type
Retail
Closing
Aug 28, 2025
AI
The property asset involved in this transaction is a retail space located at 8910 Jones Road in Houston, Texas. This asset has a total square footage of 13,500 and was previously occupied by Walgreens.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8910 Jones Road
- Market: Houston
- Asset Size: 13,500 SF
- Seller's Representative: Jesus Melo, Preston Schwartz & Chad Kurz - Matthews Real Estate Investment Services
The transaction was arranged by Matthews Real Estate Investment Services. The buyer is identified as a national syndicator, which will include this asset in their retail portfolio that is expanding across Texas.
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