Matthews Real Estate Investment Services Brokers $5.56M Retail Sale In Richmond, TX
20430 Southwest Freeway
$5,560,000
$510/SF
Building Size
10,900 SF
Asset Type
Retail
Closing
Nov 3, 2022
AI
The retail property located at 20430 Southwest Fwy in Richmond, TX was sold in a recent transaction. The property spans across 10,900 square feet and was sold for a total price of $5,560,000. The price per square foot for this transaction is $510. The seller of the property was Michael Schueler.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,560,000
- Address: 20430 Southwest Fwy, Richmond, TX
- Market: Richmond, TX
- Square Footage: 10,900
- Price per Square Foot: $510
- Seller: Michael Schueler
The transaction was facilitated by Matthews Real Estate Investment Services. The brokers involved in the deal were Daniel Gonzalez, Kirby Hayes, Andrew Evans, Michael Moreno, and Rahul Chhajed, all representing Matthews Real Estate Investment Services.
Players
Richmond 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
2.85%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93