SOLDRetail
Hanley Investment Group & ParaSell Inc Sell Retail Property In Houston On FM 1960 Rd W For $Undisclosed
12929 Farm to Market 1960 Road West, Houston, TX, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Apr 25, 2021
AI
A retail property located at 12929 FM 1960 Rd W in Houston has been sold. The property spans 3,000 square feet and is situated on 1.02 acres of land.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 12929 FM 1960 Rd W
- Market: Houston
- Size: 3,000 square feet
- Acres: 1.02
The sale was facilitated by Brad Dessy, Matt Burnett, and Jeff Lefko of Hanley Investment Group & ParaSell Inc. They represented the buyer and seller in this transaction.
Players
Houston 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93