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
- Property Type: Retail
- Transaction Amount: Not disclosed
- Size: 14,487 square feet
- Address: 1875 County Road 101
- Market: Manvel
- Buyer: HousKor Realty & Management LLC
- Buyer's Representative: Johnny Yun - Houskor Realty and Management LLC
- Seller's Representative: Dakota Workman, Marc Peeler, Rick Ragan & Thomas Turner - New Quest Properties
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
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