Ybarra Investments Inc. Acquires Retail Property In Conroe From TAD Conroe Ventures LLC
2507 North Frazier Street, Conroe, TX 77303, USA
Building Size
7,500 SF
Asset Type
Retail
Closing
Dec 6, 2021
AI
The property involved in this transaction is a retail space located at 2507 N Frazier St in Conroe. The property has a total area of 7,500 square feet and sits on 115 acres of land. The transaction took place on December 6, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2507 N Frazier St, Conroe
- Market: Conroe
- Size: 7,500 square feet
- Acres: 115
The buyer in this transaction is Ybarra Investments Inc., represented by Steve Ybarra. The seller is TAD Conroe Ventures LLC. The deal was facilitated by brokers Jon Jamison, Neal Thomson, and Brad LyBrand, who work at NewQuest Properties.
Players
Conroe 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