Vista Cos Acquires Property On W Davis St, Conroe, TX For 70,000 SF
2119 W Davis St, Conroe, TX, 77304
Building Size
70,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
Montgomery Crossing is a retail center located at 2119 W Davis St, Conroe, TX, 77304, encompassing a total area of 70,000 square feet. The property is situated in the Conroe market, approximately 45 miles north of Houston. At the time of sale, the center was 70 percent leased, hosting tenants such as Dollar Tree, The Toasted Yolk Café, Whataburger, and Mattress Firm.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Not disclosed
- Buyer: Vista Cos
- Buyer's Representatives: Matthew Berry-CBRE, Robbie Kilcrease-CBRE
- Address: 2119 W Davis St, Conroe, TX, 77304
- Market: Conroe
- Square Footage: 70,000
The transaction involved Veritex Bank providing acquisition financing to Vista Cos. The identity of the seller was not disclosed. Rob Kilcrease and Matt Berry of CBRE were noted for their roles in representing Vista Cos. during the acquisition process.
Players
Conroe 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