Baker Katz Acquires Lakewood Forest Shopping Center In Houston With Oldham Goodwin As The Broker
Building Size
108,016 SF
Asset Type
Retail
Closing
Nov 4, 2025
AI
The property asset involved in the transaction is a retail center located at 21147 State Highway 249 in Houston. This shopping center spans a total of 108,016 square feet and is fully leased, providing a consistent income stream. It is anchored by prominent tenants including Planet Fitness and Dollar Tree.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 21147 State Highway 249
- Market: Houston
- Asset Size: 108,016 SF
- Buyer: Jason Baker, Kenneth Katz, Ben Brown & Jack Moody - Baker Katz
- Broker: Oldham Goodwin
This transaction was led by Jason Baker, Kenneth Katz, Ben Brown, and Jack Moody, members of Baker Katz. The acquisition of the Lakewood Forest Shopping Center enhances the firm's retail portfolio in the region.
Players
Market 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