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
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