Gulf Coast Commercial Group Acquires Retail Property In Webster, TX
19425 Gulf Freeway, Webster, Texas 77598, United States
Building Size
189,334 SF
Asset Type
Retail
Closing
Feb 22, 2022
About this deal
AI
The retail property located at 19425 Gulf Freeway in Webster has been sold. The property spans over 189,334 square feet and sits on 20.5 acres of land. The transaction took place on February 23, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 19425 Gulf Freeway, Webster
- Market: Webster
- Square Footage: 189,334
- Land Size: 20.5 acres
Gulf Coast Commercial Group, represented by Gerald Crump, acquired the property from Passage Realty, Inc. The seller was represented by CBRE.
On the Map
Retail
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Webster 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