2020 Harwin 59 Shopping Center Ltd Acquires Retail Property In Texas City For $19.5M
2000 9th Avenue North, Texas City, Texas 77590, United States
Building Size
130 SF
Asset Type
Retail
Closing
Dec 12, 2022
AI
The retail property located at 2000 9th Ave. in Texas City has been sold in a recent transaction. The property spans 130,0525 square feet and sits on 11.5 acres in the market of Texas City.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2000 9th Ave.
- Market: Texas City
- Square Footage: 130,0525
- Acreage: 11.5
The buyer of the property is 2020 Harwin 59 Shopping Center Ltd, while the seller is WFP Tradewinds LP. The transaction was facilitated by brokers David Luther and Dakota Workman of NewQuest Properties.
Players
Texas City 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