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14119 Grant Rd Cypress, TX ...

Houston's Shops At Rock Creek Sold To Local Investor In Cypress
SOLDRetail

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

Marc Peeler

Partners Real Estate

Broker

$10M

vol

16 deals

Broker

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