Obaid Uddin Acquires 6 Gas Station Portfolio In Port Arthur, Texas
4200 Gulfway Drive
$20,000,000
$639/SF
Building Size
31,300 SF
Asset Type
—
Closing
Jun 9, 2022
About this deal
AI
A 6 Gas Station Portfolio in Port Arthur, Texas has recently been sold in a package deal. The portfolio includes properties located at 4200 Gulfway Dr., 6107 West Port Arthur Rd., 700 West Gulfway Drive, 6800 9th Ave., 77642, 7635 Twin City N. Hwy., and 2580 S. 4th Street, Beaumont. The total square footage of the portfolio is 31,300.
Summary of transaction details
- Property Type: Gas Station
- Transaction Amount: Not disclosed
- Market: Port Arthur, Texas
The buyer of the portfolio is Obaid Uddin, while the sellers are Zulfiqar Dhuka and Mike Dhuka. The deal was facilitated by Sai Thakor and Jacob Luna from Marcus & Millichap.
Note: Marcus & Millichap is pleased to announce the closing of this 6 Gas Station Portfolio in Port Arthur, Texas.
Players
Port Arthur 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93