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10631 Corporate Drive, Suga...

10631 Corporate Drive Mixed-Use Property In Sugar Land Sold To 10631 Corporate Drive Realty, LLC
SOLDMixed-use

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

David Buescher

JLL

Broker

$170.5K

vol

8 deals

Broker
RL
Realty LLCBuyer

Sugar Land Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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