Net Lease Brokers Assist in Sale of Hanover Plaza


multi-tenant net lease property sold - hanover plaza

  • Existing loan in place had a severe pre-payment penalty, so assumption of the note was the only feasible solution. This drastically shrunk the buyer pool due to net worth assumption requirements to satisfy the lender.
  • Variety of non-credit tenants throughout the center without any recognizable national brands.

Solutions and Services Provided:

  • Focused on high quality construction in a booming Houston submarket with upside potential due to below market rents.
  • Asset was actively presented to national buyer pool and multiple offers were generated within 3 days of listing.


  • Identified the ideal out of state investor that was willing to work through the loan assumption process.
  • Was highly involved throughout the entire transaction to ensure effective communication between Buyer, Seller, and Lender.
  • Closed within 2% of asking price.

For information about how HighStreet net lease brokers and advisors can assist with your commercial real estate needs, contact us.

Contact Info

HighStreet Net Lease Group, LLC
5851 San Felipe St.
Suite 220
Houston, TX 77057

855-871-6777 Toll-free
713-275-6777 Main
713-275-6780 Fax