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1203 North Velasco Street

Thomas Evans Acquires Retail Property In Angleton, TX For $3.05M With Buyer's Rep Alex Reyhan & Daniel Hirth
SOLDRetail

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

Alex Reyhan

The Hirth Group

Broker

$184.6M

vol

47 deals

Broker

Evans Thomas

Buyer

$5.2M

vol

2 deals

Buyer

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