10631 Corporate Drive Mixed-Use Property In Sugar Land Sold To 10631 Corporate Drive Realty, LLC
10631 Corporate Drive, Sugar Land, TX, USA
Building Size
153,000 SF
Asset Type
Mixed-use
Closing
Nov 3, 2020
AI
A mixed-use property located at 10631 Corporate Drive in Sugar Land has been sold in a recent transaction. The property spans a total area of 153,000 square feet, making it a versatile asset in the Sugar Land market.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Not specified
- Address: 10631 Corporate Drive
- Market: Sugar Land
- Square Footage: 153,000
The seller of the property was Midway Corporation Partners, L.P., while the buyer was 10631 Corporate Drive Realty, LLC. The seller was represented by Jarret Venghaus, David Buescher, and Jordan Raney from JLL, while the buyer was represented by Zane Carman and Clay Pritchett from NAI Partners.
Players
Sugar Land Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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