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NewQuest Properties Sells Fully Leased Cy-Fair Town Center To Cy-Fair Center LLC

Property Image
SOLD
Thomas Turner
Rick Ragan
Marc Peeler
+ 2

Texas

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Retail9,100 SF
Sold 10/16/2023
the dealplayerscompscontact
Property Image
SOLD

NewQuest Properties Sells Fully Leased Cy-Fair Town Center To Cy-Fair Center LLC

13621 Skinner Road

See Similar Deals
Retail9,100 SF
Sold 10/16/2023
Thomas Turner
Rick Ragan
Marc Peeler
+ 2
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:9,100 SF
Transaction Type:Sale

A fully leased retail property located at 13621 Skinner Road in Cypress, with a total of 9,100 square feet and sitting on 0.84 acres, has been successfully sold by NewQuest Properties to local retail investor Cy-Fair Center LLC. This property boasts a strategic location and strong local demographics, making it highly sought after in the market. Additionally, the property is shadow-anchored by Kroger, further adding to its appeal. In a competitive bidding process, a total of 11 offers were submitted, highlighting the significant interest in this asset.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 13621 Skinner Road
  • Market: Cypress
  • Square Footage: 9,100
  • Acres: 0.84

The deal was facilitated by several brokers from NewQuest Properties, including Marc Peeler, Dakota Workman, Rick Ragan, Thomas Turner, and Davis Sheffield. Their expertise and market knowledge played a crucial role in attracting potential buyers and maximizing the value of the property. With their assistance, Cy-Fair Center LLC emerged as the successful buyer for this retail asset.

Players

Dakota Workman
NewQuest Properties
Dakota Workman
13 deals$39K volume
BROKER
Marc Peeler
Partners Real Estate
Marc Peeler
16 deals$10M volume(713) 275-9606
BROKER
Rick Ragan
NewQuest Properties
Rick Ragan
3 deals(281) 477-4309
BROKER
Thomas Turner
NewQuest Properties
Thomas Turner
2 deals(281) 640-7680
BROKER
Davis Sheffield
NewQuest Properties
Davis Sheffield
1 deal(281) 640-7688
BROKER

Details

SOLD
IMAGE: Marc Peeler, Dakota Workman, Rick Ragan, Thomas Turner & Davis Sheffield DATE: 10/16/2023 ADDRESS: 13621 Skinner Road MARKET: Cypress ASSET TYPE: Retail ~ SF: 9,100 ~ ACRES: 0.84 BUYER: Cy-Fair Center LLC BROKERS: Marc Peeler (@Peezy7), Dakota Workman (@Dakota_Workman), Rick Ragan (@RickRagan5), Thomas Turner & Davis Sheffield (@DSheffield2) - NewQuest Properties (@NQ_Properties) NOTE: NewQuest Properties has successfully sold the fully leased Cy-Fair Town Center in northwest Houston to local retail investor Cy-Fair Center LLC. The 9,100-square-foot property, with four tenants and shadow-anchored by Kroger, received considerable interest, with 11 offers submitted in a competitive bidding process, thanks to its strategic location and robust local demographics.

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