JBL Asset Management Acquires Retail Property In Humble From Forge Capital Partners
19661 US-59, Humble, TX 77338
Building Size
163,897 SF
Asset Type
Retail
Closing
Jul 18, 2022
About this deal
AI
The retail property located at 19661 US-59 in Humble has been sold in a recent transaction. The property spans approximately 163,897 square feet and is situated in a prime location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 19661 US-59, Humble
- Market: Humble
The buyer of the property is JBL Asset Management, while the seller is Forge Capital Partners. The deal was facilitated by Chris Gerard, Ryan West, and Erin Lazarus from JLL, who represented the respective parties involved in the transaction.
Players
Humble 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