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14139 Huffmeister Road

Heritage Presbyterian Church Acquires Commercial Property In Cypress From Munequita Interests LLC
SOLDCommercial

Heritage Presbyterian Church Acquires Commercial Property In Cypress From Munequita Interests LLC

14139 Huffmeister Road

Building Size

4,596 SF

Asset Type

Commercial

Closing

Jul 15, 2024

AI

The sale involved a 4,596-square-foot commercial building situated on 1.42 acres at 14139 Huffmeister Road in Cypress, Texas. The property was acquired by Heritage Presbyterian Church from Munequita Interests LLC.

Summary of transaction details:

Colliers facilitated the transaction, allowing the current tenant to occupy the premises until January 31, 2025. Heritage Presbyterian Church, represented by Caldwell Companies, secured the property with an offer that stood out as the highest bid and the quickest to close.

Players

Tom Condon Jr.

Colliers

Broker

24 deals

Broker

Cypress Commercial Market Snapshot

Boundary boundary · Commercial · 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