Marcus & Millichap Brokers Sale Of Cypresswood Crossing Mixed-Use Complex In Spring, Texas
16116 Stuebner Airline Road
Building Size
107,185 SF
Asset Type
Mixed-use
Closing
Feb 12, 2026
AI
The transaction involved Cypresswood Crossing, a mixed-use property located at 16000 & 16116 Stuebner Airline Road in Spring, TX. The asset encompasses a total of 107,185 square feet, comprising a 90,818-square-foot multi-tenant retail/office building and a 16,367-square-foot retail center situated on a 5.6-acre plot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Square Footage: 107,185
- Address: 16000 & 16116 Stuebner Airline Road
- Market: Spring
- Brokers: Chris Gainey, Philip Levy & Scott Abeel - Marcus & Millichap
In this deal, Chris Gainey and Philip Levy represented the seller based in Dallas, while Scott Abeel secured a private equity buyer from Houston. The transaction was facilitated by Marcus & Millichap, highlighting the capabilities of their brokerage team in managing intricate sales.
Players
Spring 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