Tomball Best Food Acquires 11,625 SF Retail Property In Cypress From Swingstar Corporation
11700 South Barker Cypress Road, Houston, TX, USA
Building Size
11,625 SF
Asset Type
Retail
Closing
Nov 9, 2021
About this deal
AI
11700 Barker Cypress Road, a retail property in Cypress, was recently sold in a closed transaction. The property spans 1.15 acres and has a total area of 11,625 square feet. The sale took place on November 10, 2021.
Summary of transaction details:
- Property Type: Retail
- Sale Date: 11/10/2021
- Address: 11700 Barker Cypress Road, Cypress
- Market: Cypress
- Acres: 1.15
- Square Feet: 11,625
The buyer of the property was Tomball Best Food, while Swingstar Corporation acted as the seller. Representing the buyer, Dawn Askew from Republic Central Realty was instrumental in the transaction. On the seller's side, Todd Moore from Colliers represented Swingstar Corporation.
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