Freanel And Sons LLC Acquires Retail Property In Cypress For $Undisclosed Amount
11916 Barker Cypress Road, Cypress, TX, USA
Building Size
4,000 SF
Asset Type
Retail
Closing
Apr 17, 2021
About this deal
AI
Freanel and Sons LLC has acquired a retail property located at 11916 Barker Cypress Road in Cypress. The transaction took place on April 18, 2021, with a total square footage of 4,000. The property was sold by Hanley Investment Group, represented by Jeff Lefko, while the buyer was represented by Wes Miller from Wulfe & Co.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 11916 Barker Cypress Road
- Market: Cypress
- Square Footage: 4,000
Jeff Lefko from Hanley Investment Group and Wes Miller from Wulfe & Co played crucial roles as the seller's representative and buyer's representative, respectively, in this retail property transaction.
Players
Cypress Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas retail sales on Traded.
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