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10555 Synott Road

Marcus & Millichap Sells 29400 Square Foot Synott Flex Retail Center In Houston
SOLDRetail

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

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:

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.

Players

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 deals

Broker

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