Thomas Evans Acquires Retail Property In Angleton, TX For $3.05M With Buyer's Rep Alex Reyhan & Daniel Hirth
1203 North Velasco Street
$3,050,000
$885/SF
Building Size
3,446 SF
Asset Type
Retail
Closing
Nov 11, 2022
AI
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
Angleton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93