Vantage At Tomball LLC Acquires Retail Property In Tomball
9102 Farm To Market 2920, Tomball, Tx 77375, Usa
Building Size
693,475 SF
Asset Type
Retail
Closing
Sep 7, 2020
AI
A retail property located at 9102 Farm to Market 2920 in Tomball has been sold. The transaction took place on September 8, 2020. The property covers a total area of 693,475 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9102 Farm to Market 2920, Tomball
The seller of the property, known as K. McGaughy FM 2920 LLC., was represented by Brad LyBrand and Glenn Dickerson from NewQuest Properties. On the other hand, the buyer, Vantage at Tomball LLC, was represented by Justin Patchen from Buffalo Real Estate Partner.
Players
Tomball 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