Houston, Texas – Net Lease Properties has information on the refinancing of a retail center. A Commercial Loan was arranged for $4.8 million which will be secured by the Houston Walgreen’s anchored retail center. The terms of this commercial loan are a 15-year, fixed-rate commercial loan. the capital came through a Life Insurance Company. The commercial property financing retired a maturing Commercial Backed Mortgage Securities (CMBS) loan.
This net lease property is a 26,355-square-foot building, a Walgreen’s-anchored retail center. This commercial property is fully leased to four tenants, Walgreen’s, MW Cleaners, Blockbuster and Smashburger. The commercial property was completed in 1998 and located in the West University area of Houston.
A more specific location of the net lease property is at 5220 – 5280 Buffalo Speedway. The West University Corner is situated at the intersection of Bissonnet Street and Buffalo Speedway close to Greenway Plaza, US 59 and Rice University in the Houston neighborhood.
Net Lease Properties & Commercial Loans
Feel free to Contact us today to purchase various net lease investments. Also Contact us HERE to sell your existing Net Lease Properties portfolio. We have relationships with plenty of commercial real estate investors interested in purchasing net lease investments. We provide tremendous marketing and exposure for your net lease properties, resulting in the highest pricing and quicker closings.
If you are considering purchasing a Net Leased Property, Loanrise.com can assist you with CTL Financing or Commercial Loans.