Williamsburg Acquisitions LLC Acquires Retail Property On Barker Cypress Rd In Cypress
12220 Barker Cypress Rd, Cypress, T...
Building Size
67,344 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
A retail property consisting of 67,344 square feet is located at 12220 Barker Cypress Road in Cypress, Texas. The property covers an area of 6.9 acres and was sold under a transaction that involved the seller, Randall’s Food & Drugs LP.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 12220 Barker Cypress Rd, Cypress, Texas
- Market: Cypress
- Seller's Representative: Matthew Berry-CBRE
- Buyer: Williamsburg Acquisitions LLC
- Square Footage: 67,344
The transaction showcased the expertise of Matthew Berry from CBRE, who represented the seller in this closed transaction. Williamsburg Acquisitions LLC acted as the buyer of the property, adding to their portfolio in the retail sector.
Players
Cypress Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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