Matthews Real Estate Investment Services Brokers $5.56M Retail Sale In Richmond, TX
SOLD
$5,560,000
+ 1
Texas
See Similar DealsRetail10,900 SF
Sold 11/03/2022
SOLD
Matthews Real Estate Investment Services Brokers $5.56M Retail Sale In Richmond, TX
20430 Southwest Freeway
See Similar DealsRetail10,900 SF
Sold 11/03/2022
+ 1
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$510
Total Square Footage:10,900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$296,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,753.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,357.24
Annual Debt Service$316,286.84
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