Jingxi Gao, Jamail Virani & Ben Sides Acquire Retail Asset In Houston With Jace Martin As Buyer's Rep
Northwest Freeway
Building Size
86,515 SF
Asset Type
Retail
Closing
Apr 4, 2025
AI
The property asset involved in the transaction is a retail space located at 1347-13167 Northwest Fwy in Houston, comprising 86,515 square feet. The transaction was executed on April 4, 2025.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1347-13167 Northwest Fwy
- Market: Houston
- Square Footage: 86,515
- Buyer: Jingxi Gao, Jamail Virani & Ben Sides - Level Capital
- Buyer's Representative: Jace Martin - LandPark Commercial
- Seller's Representative: Cameron Free - Wulfe & Co</li>
This transaction featured notable individuals such as Jingxi Gao and Jamail Virani, who are associated with Level Capital. Jace Martin acted as the buyer’s representative, while Cameron Free represented the seller in this deal, facilitating the successful completion of the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93