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6,000-SF Retail Sale Draws $350,000

HOUSTON-A three-tenant retail building sells on the fourth try to a local investor anteing up all cash at the closing table. The building at 11663 Jones Rd. had one vacancy at sale time, but it's since been filled.

By Jennifer Brenner Andrade | Updated on June 15, 2004

HOUSTON-A small retail building in northwest Houston has been sold in an all-cash deal to a local investor for just north of the $350,000 asking price.

Tranphan Investment Inc. of Houston bought the 6,000-sf asset at 11663 Jones Rd. from Allison Wen, also from Houston. Gloria Parrino with Houston’s Betz Commercial Brokerage Inc. tells GlobeSt.com that Wen was selling his only commercial real estate asset because “he is not really in the real estate business.”

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