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101 East Parkwood Avenue

Karan Korpal And Raj Korpal Purchase Retail At 101 East Parkwood Avenue From Jack In The Box
SOLDRetail

Karan Korpal And Raj Korpal Purchase Retail At 101 East Parkwood Avenue From Jack In The Box

101 East Parkwood Avenue

Building Size

2,600 SF

Asset Type

Retail

Closing

Jan 19, 2026

AI

The property asset involved in this transaction is a retail unit located at 101 East Parkwood Avenue in Friendswood. It encompasses 2,600 square feet and was sold by the seller, Jack in the Box.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 101 East Parkwood Avenue
  • Market: Friendswood
  • Buyer: Karan Korpal & Raj Korpal
  • Seller: Jack in the Box
  • Brokers: Safin Momin - Resolut Re; Mitch Bowers - Resolut Re

The deal involved buyers Karan Korpal and Raj Korpal, who acquired the retail property from Jack in the Box, facilitated by brokers Safin Momin and Mitch Bowers of Resolut Re. This transaction underscores the active role of Resolut Re in navigating property dealings within the retail sector.

Players

Safin Momin

Resolut Re

Broker

2 deals

Broker
Resolut Re
Resolut ReBrokerage

Friendswood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93