Updated Oct 29, 2024
NewQuest Properties Facilitates Sale Of Industrial Asset In Conroe To Undisclosed Buyer
9778 Tx-242, Conroe, TX, 77385
Building Size
—
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is a one-acre tract located at 9778 TX-242, Conroe, TX, 77385. This asset is part of the Conroe market and was sold by CLS Harper’s Preserve LLC. The buyer's identity remains undisclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Buyer: Undisclosed
- Seller: CLS Harper’s Preserve LLC
- Buyer's Representative: Rick Ragan - NewQuest Properties
- Seller's Representative: Main Street Commercial Properties
The transaction was facilitated by Rick Ragan representing the buyer from NewQuest Properties. The seller, CLS Harper’s Preserve LLC, was represented by Main Street Commercial Properties. The deal exemplifies a direct negotiation between the parties involved.
On the Map
Industrial
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Conroe Industrial Market Snapshot
Boundary boundary · Industrial · 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