Marcus & Millichap Sells 29400 Square Foot Synott Flex Retail Center In Houston
10555 Synott Road
Building Size
29,400 SF
Asset Type
Retail
Closing
Mar 17, 2025
About this deal
AI
The property involved in this transaction is the Synott Flex Retail Center located at 10555 Synott Road in Houston, TX. The asset is a retail property with a total square footage of 29,400 and sits on 2.3 acres of land.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 10555 Synott Road
- Market: Houston
- Square Footage: 29,400
- Acres: 2.3
- Brokers: Adam Abushagur, Allie Munday & Philip Levy - Marcus & Millichap
In this transaction, Philip Levy, Allie Munday, and Adam Abushagur represented the seller while Levy and Munday also secured the buyer, who are both undisclosed private investors. Marcus & Millichap facilitated the successful sale of the property.
On the Map
Retail
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Sugar Land 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93