Houston's Shops At Rock Creek Sold To Local Investor In Cypress
14119 Grant Rd Cypress, TX 77429, USA
Building Size
21,250 SF
Asset Type
Retail
Closing
Jun 19, 2023
AI
Houston's Shops at Rock Creek, a retail center located at 14119 Grant Road in Cypress, has been sold by NewQuest Properties to a local investor. The property spans approximately 21,250 square feet and sits on 4.34 acres. Its prime location near an H-E-B grocery store and its value-add potential contributed to its appeal to multiple interested buyers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 14119 Grant Road, Cypress
- Market: Cypress
- Square Footage: 21,250
- Acres: 4.34
The buyer's representation for this transaction was provided by Stephen Berchelmann and Alexandria Tatem, who are affiliated with Foresite Commercial Real Estate. On the seller's side, Marc Peeler and Andrew Alvis from NewQuest Properties served as the representatives. The sale of Houston's Shops at Rock Creek highlights the involvement of these key individuals and their agencies in the deal.
Players
Texas 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