Carwash Upper Holdings LLC Acquires 1.25 Acre Land In Houston From Bruce Shelby With Buyer's Rep Wade Greene - Colliers International
16602 El Camino Real, Houston, Texas 77062, United States
Building Size
—
Asset Type
—
Closing
Jun 12, 2022
About this deal
AI
Located at 16602 El Camino Real in Houston, this recently sold property is a land asset comprising 1.25 acres. The transaction took place on June 13, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Market: Houston
- Address: 16602 El Camino Real
- Asset Type: Land
- Acres: 1.25
The buyer, Carwash Upper Holdings LLC represented by Serac Tommy, purchased the property from seller Bruce Shelby. Wade Greene from Colliers International served as the buyer's representative in the deal. On the other hand, Kevin Sims and Nick Ramsey from NewQuest Properties acted as the seller's representatives.
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Players
Houston 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