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Northwest Freeway

Jingxi Gao, Jamail Virani & Ben Sides Acquire Retail Asset In Houston With Jace Martin As Buyer's Rep
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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.

Players

Jace Martin

Titan Commercial

Broker

2 deals

Broker

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