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1875 County Road 101

HousKor Realty & Management Acquires The Shops At Sedona Lakes In Manvel
SOLDRetail

HousKor Realty & Management Acquires The Shops At Sedona Lakes In Manvel

1875 County Road 101

Building Size

14,487 SF

Asset Type

Retail

Closing

Dec 22, 2023

AI

Houston's NewQuest Properties has sold The Shops at Sedona Lakes, a 14,487-square-foot retail center in Manvel. The property, located at 1875 County Road 101, sits on 1.6 acres of land. This retail center was built in 2020 and was 91.5% leased at the time of sale.

Summary of transation details

The transaction for The Shops at Sedona Lakes involved HousKor Realty & Management LLC as the buyer, represented by Johnny Yun from Houskor Realty and Management LLC. The seller's representatives were Dakota Workman, Marc Peeler, Rick Ragan, and Thomas Turner from New Quest Properties. The specific details of the transaction, such as the sale price, loan amount, and lease terms, were not disclosed.

Players

Dakota Workman

NewQuest Properties

Broker

$39K

vol

13 deals

Broker

Manvel Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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