Marcus & Millichap Represents Sale Of Former CVS In Cypress Texas For $3.3 Million

The property asset involved in this transaction is a retail space located at 13757 Cypress North Houston Road, Cypress, Texas. The building encompasses 14,490 square feet and has been sold for a price of $3,300,000, translating to a price per square foot of $227.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,300,000
• Square Footage: 14,490
• Address: 13757 Cypress North Houston Road
• Market: Cypress
• Price Per Square Foot: $227
• Broker: Sai Thakor - Marcus & Millichap

The successful closing of the transaction was facilitated by Sai Thakor of Marcus & Millichap, who represents the brokerage in the deal. The buyer is a private developer actively acquiring vacant CVS and Walgreens buildings across Houston, Austin, and Beaumont, which indicates a focused strategy on specific retail locations.