facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

All

/

Sale

/

1651 Collins Rd, Richmond, ...

Private Investor Acquires 75601 SF Property At 1651 Collins Rd, Richmond
SOLD

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

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.

Players

Michael Tran

Colliers

Broker

4 deals

Broker

Richmond CRE Market Snapshot

Boundary boundary · CRE · 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