Welcome Group Acquires Mixed-Use Portfolio In Sugar Land, Pearland, San Antonio TX, South Carolina
Sugar Land, Texas, United States
Building Size
97,108 SF
Asset Type
Mixed-use
Closing
Feb 10, 2022
About this deal
AI
The Welcome Group, led by Welcome Wilson Jr., has acquired a mixed-use portfolio consisting of properties located in Sugar Land and Pearland, Texas, as well as San Antonio and South Carolina. The portfolio has a total square footage of 97,108 and sits on 7.3 acres. The specific details of the individual properties within the portfolio have not been provided.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not provided
- Address: Mixed-use Portfolio
- Market: Sugar Land, Pearland, San Antonio TX, South Carolina
- Square Footage: 97,108
- Acres: 7.3
Welcome Group, represented by Welcome Wilson Jr., finalized the acquisition of the mixed-use portfolio. However, no additional information regarding the buyer, seller, or any other involved parties has been provided.
Players
Sugar Land Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
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