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SG Group Acquires Package Deal From Texas Travel Plaza For $12 Million In Humble

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SOLD
$12,000,000

Texas

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Package Deal436,000 SF
Sold 11/01/2024
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Property Image
SOLD

SG Group Acquires Package Deal From Texas Travel Plaza For $12 Million In Humble

15615 Eastex Freeway

See Similar Deals
Package Deal436,000 SF
Sold 11/01/2024
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Summary

TEXAS
Asset Type:Package Deal
Price Per Square Foot:$27
Total Square Footage:436,000 SF
Transaction Type:Sale

The property involved in this transaction consists of a package deal featuring a Valero truck stop, a Best Western Sure Stay Hotel, and 12 acres of land located at 15615 Eastex Freeway in Humble. The total square footage of the assets is 436,000, with a sale price of $12,000,000, resulting in a price per square foot of $27.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $12,000,000
  • Address: 15615 Eastex Freeway
  • Market: Humble
  • Buyer: SG Group
  • Seller: Texas Travel Plaza
  • Broker: Shoby Kurjee - SK Real Estate Consulting
  • Square Footage: 436,000
  • Price Per Square Foot: $27

SK Real Estate Consulting, represented by Shoby Kurjee, facilitated this transaction, which involved strategically located assets at the intersection of two major highways. The team's focus was on ensuring a seamless and stress-free experience for all parties involved in the deal.

Players

15 deals$17.4M volume
BROKER

Details

SOLD
IMAGE: 11/01/2024 ADDRESS: 15615 Eastex Freeway MARKET: Humble ASSET TYPE: Package Deal ~ SF: 436,000. BUYER: SG Group SELLER: Texas Travel Plaza BROKER: Shoby Kurjee (@ShobyK) - SK Real Estate Consulting (@SK_REC) SALE PRICE: $12,000,000 SF: 436,000 ~ PPSF: $27 NOTE FROM BROKER: SK Real Estate is thrilled to announce the successful closing of a remarkable package deal, featuring a Valero truck stop, a Best Western Sure Stay Hotel, and 12 acres of premium land strategically located at the intersection of two major highways. At SK Real Estate, we’re dedicated to making every transaction seamless and stress-free. Whether you’re buying or selling, trust SK Real Estate to deliver exceptional results. Let us help you unlock the full potential of your real estate opportunities!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47