Daniel Wenz Of STRIVE Represents Seller In New Caney Sale At 20185 Us-59
20185 Us-59, New Caney, TX, 77357
Building Size
55,944 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
This transaction involved the sale of Brookshire Brothers Shopping Center, a retail asset located at 20185 Us-59, New Caney, TX, 77357. The property encompasses a total area of 55,944 square feet and is situated in the New Caney market. The shopping center is anchored by a 42,000-square-foot Brookshire Brothers store. The surrounding area has experienced a significant demographic change, with the population increasing by over 25 percent since 2010.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 55,944
- Address: 20185 Us-59, New Caney, TX, 77357
- Market: New Caney
- Buyer's Representative: Unknown
- Seller's Representative: Daniel Wenz - STRIVE
- Seller: Florida-based entity
- Buyer: Unknown
Daniel Wenz of STRIVE represented the seller in this closed transaction and successfully procured a local buyer. Both the buyer and seller requested anonymity, adding a level of confidentiality to the deal.
Players
New Caney 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