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
Humble Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
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