Thomas Evans Acquires Retail Property In Angleton, TX For $3.05M With Buyer's Rep Alex Reyhan & Daniel Hirth
SOLD
$3,050,000
Texas
See Similar DealsRetail3,446 SF
Sold 11/11/2022
SOLD
Thomas Evans Acquires Retail Property In Angleton, TX For $3.05M With Buyer's Rep Alex Reyhan & Daniel Hirth
1203 North Velasco Street
See Similar DealsRetail3,446 SF
Sold 11/11/2022
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$885
Total Square Footage:3,446 SF
Transaction Type:Sale
The retail property located at 1203 N Velasco St in Angleton, TX has been sold in a recent transaction. The property spans approximately 3,446 square feet and was sold for a total price of $3,050,000, resulting in a price-per-square-foot value of $885.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,050,000
- Square Footage: 3,446
- Address: 1203 N Velasco St, Angleton, TX
- Market: Angleton, TX
The buyer in this transaction is Thomas Evans, while the seller is Charles Sharari. Acting as the buyer's representatives are Alex Reyhan and Daniel Hirth from The Hirth Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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