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Beltway 8 and John F. Kenne...

Susser Petroleum Acquires 440 Acres Of Land In Houston From Wolff Companies
SOLD

Susser Petroleum Acquires 440 Acres Of Land In Houston From Wolff Companies

Beltway 8 and John F. Kennedy Boulevard

Building Size

Asset Type

Closing

Nov 19, 2021

AI

440 acres of land located at Beltway 8 and John F. Kennedy Boulevard in Houston were recently sold in a transaction that took place on November 19, 2021. The property was acquired by Susser Petroleum Partners LP from Wolff Companies, with David W. Hightower representing the seller. The deal was facilitated by brokers Danny Miller from Gulf Coast Commercial Group and Richard Buxbaum from Radius Realty Advisors.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: Not disclosed
  • Market: Houston
  • Acres: 440
  • Buyer: Susser Petroleum Partners LP
  • Seller: Wolff Companies - David W. Hightower
  • Brokers: Danny Miller - Gulf Coast Commercial Group, Richard Buxbaum - Radius Realty Advisors

This transaction involved the sale of 440 acres of land situated at Beltway 8 and John F. Kennedy Boulevard in Houston. The buyer, Susser Petroleum Partners LP, acquired the property from the seller, Wolff Companies, represented by David W. Hightower. The deal was facilitated by Danny Miller from Gulf Coast Commercial Group and Richard Buxbaum from Radius Realty Advisors.

Players

Danny Miller

Broker

1 deal

Broker
Wolff Companies
Wolff CompaniesSeller

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