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15615 Eastex Freeway

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

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

15615 Eastex Freeway

$12,000,000

$27/SF

Building Size

436,000 SF

Asset Type

Package Deal

Closing

Nov 1, 2024

AI

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

SK Real Estate Consulting

Broker

$17.4M

vol

16 deals

Broker

Humble Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93