Dallas Beck Acquires Retail Property In Houston From Charles Stigall
1811 Eagle Lake Road, Sealy, Texas 77474, United States
Building Size
52,320 SF
Asset Type
Retail
Closing
Feb 21, 2022
AI
Located at 1811 Eagle Lake Rd in Houston, this retail property spans a total area of 52,320 square feet. The transaction took place on February 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Houston
Dallas Beck acquired the property from Charles Stigall. The deal was facilitated by Thomas Reed, Maxx Bauman, and Bill Pedersen from Matthews Real Estate Investment Services (Mmatthews_REIS).
Players
Sealy 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