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State Highway 249, Houston,...

Baker Katz Acquires Lakewood Forest Shopping Center In Houston With Oldham Goodwin As The Broker
SOLDRetail

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

Oldham Goodwin
Oldham GoodwinBrokerage

Jason Baker

Baker Katz

Buyer

4 deals

Buyer
Baker Katz
Baker KatzBuyer

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