Private Investor Acquires 75601 SF Property At 1651 Collins Rd, Richmond
1651 Collins Rd, Richmond, TX, 77469
Building Size
75,601 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property involved in this transaction is Collins Commerce Center, an office building with a total area of 75,601 square feet located at 1651 Collins Rd, Richmond, TX, 77469. The asset is situated within the Richmond market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: Not disclosed
- Address: 1651 Collins Rd, Richmond, TX, 77469
- Market: Richmond
- Seller's Representative: Michael Tran-Colliers International
- Buyer: Private Investor
- Square Footage: 75,601
The transaction was facilitated by Michael Tran and Cody Payne from Colliers International, who represented the seller in securing a buyer for the property. Both the seller and buyer were private investors who chose to remain anonymous throughout the process.
On the Map
Players
Richmond CRE Market Snapshot
Boundary boundary · CRE · 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