Brad Dorsey & Robert Denninger Of Marcus & Millichap Acquire Resort In Rockport At 4221 TX-35 BUS
4221 TX-35 BUS, Rockport, TX, USA
Building Size
261,360 SF
Asset Type
Other
Closing
Nov 23, 2021
About this deal
AI
A resort located at 4221 TX-35 BUS in Rockport has recently been sold. The transaction, which took place on November 23, 2021, involved the property changing ownership. The resort is situated in a prime location, making it an attractive investment opportunity in the Rockport market. The specific details regarding the sale price and square footage of the resort are not available.
Summary of transaction details
- Property Type: Resort
- Transaction Date: 11/23/2021
- Address: 4221 TX-35 BUS
- Market: Rockport
The sale of this resort was facilitated by the brokers Brad Dorsey and Robert Denninger, who represented the parties involved in the transaction. They are affiliated with Marcus & Millichap, a reputable agency in the real estate industry.
Players
Fulton Other Market Snapshot
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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