Morsav Inc. Acquires McDonald's In Texas For $2.8M

The property involved in this closed transaction is a retail asset located at 1320 E. NASA Pkwy in Houston, TX. The property spans a total of 4,952 square feet and was sold for a price of $2,800,000. This translates to a price per square foot of $565. The transaction closed at a cap rate of 3.4%.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $2,800,000
• Square Footage: 4,952
• Price per Square Foot: $565

Evmorfea Savidis, representing Morsav Inc., served as the buyer's representative in this transaction.

Evmorfea Maria Savidis, Principal Broker at Morsav, Inc., played a crucial role in assisting one of her clients with a 1031 exchange. Following the sale of a property in Bay Ridge, Maria helped her client secure this McDonald's location in Texas. The property offers a triple net lease (NNN) with a corporate guarantee. It presents a unique opportunity due to its proximity to Nasa Headquarters, situated directly across the street. The deal closed at a price of $2,800,000, with a cap rate of 3.4%. For further inquiries about similar exchanges, reach out to Maria at [email protected].