RMM Properties LLC Acquires Retail Property In Houston From Community Commercial Properties II LLC
11030 Kingspoint Road, Houston, TX 77075
Building Size
39,038 SF
Asset Type
Retail
Closing
Nov 2, 2020
About this deal
AI
An 39,038 square foot retail property located at 11030-11040 Kingspoint Road in Houston has been sold. The transaction took place on 11/03/2020 and the property sits on 3.3 acres of land.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Market: Houston
- Address: 11030-11040 Kingspoint Road
- Square Feet: 39,038
- Acres: 3.3
The seller, Community Commercial Properties II LLC, sold the property to RMM Properties LLC. The deal was facilitated by brokers Kelley Workman, David Luther, and Dakota Workman of NewQuest Properties.
On the Map
Retail
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Players
Houston 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