facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Commercial

/

Sale

/

2002 11th Ave N, Texas City...

2020 Harwin 59 Shopping Center Ltd Acquires Property At 2002 11th Ave N Texas City
SOLDCommercial

2020 Harwin 59 Shopping Center Ltd Acquires Property At 2002 11th Ave N Texas City

2002 11th Ave N, Texas City, TX, 77590

Building Size

130,525 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in the transaction is the Tradewinds Shopping Center, situated at 2002 11th Ave N, Texas City, TX, 77590. The shopping center encompasses approximately 130,525 square feet and is located on 11.5 acres of land. At the time of sale, it was about 40 percent leased to tenants including DD’s Discount, Family Dollar, Texas First Bank, and Little Caesars. The market for this property is Texas City.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: Undisclosed
  • Address: 2002 11th Ave N, Texas City, TX, 77590
  • Selling Entity: Limited Partnership
  • Buyer: 2020 Harwin 59 Shopping Center Ltd
  • Buyer's Representative: Dakota Workman-New Quest Properties
  • Seller's Representative: David Luther-New Quest Properties
  • Market: Texas City
  • Square Footage: 130,525

The transaction involved key representatives from NewQuest Properties, with Dakota Workman acting as the buyer's representative for 2020 Harwin 59 Shopping Center Ltd. The seller was represented by David Luther, who facilitated the deal on behalf of a limited partnership entity. This sale reflects the active investment interest within the Texas City real estate market.

Players

Dakota Workman

NewQuest Properties

Broker

$39K

vol

13 deals

Broker
HL
Harwin 59 Shopping Center LtdBuyer

Texas City Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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