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Newmark Acquires Retail Property On FM 1093 In Richmond

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SOLD

Texas

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Retail31,581 SF
Sold 12/20/2021
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SOLD

Newmark Acquires Retail Property On FM 1093 In Richmond

26726 Farm-to-Market 1093, Richmond, TX 77406

See Similar Deals
Retail31,581 SF
Sold 12/20/2021
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:31,581 SF
Transaction Type:Sale

An retail property located at 26726 FM 1093 in Richmond was recently sold in a closed transaction. The sale took place on 12/20/2021 with a cap rate of 6.12%. The property, represented by Austin Blodgett from RealSource Group and ParaSell, Inc, attracted the attention of buyers with its desirable location and potential for retail business.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not provided

Roger Oser from Newmark acted as the buyer's representative in the deal, further facilitating the successful transaction. This collaboration between the seller's representative, Austin Blodgett, and the buyer's representative, Roger Oser, highlights the dedication and expertise of both parties in achieving a favorable outcome.

Players

Austin Blodgett
11 deals$44.8M volume
BROKER

Roger Oser
Newmark
1 deal
BROKER

Details

SOLD
IMAGE: Roger Oser & Austin Blodgett DATE: 12/20/2021 ADDRESS: 26726 FM 1093 MARKET: Richmond ASSET TYPE: Retail BUYER'S REP: Roger Oser - Newmark SELLER'S REP: Austin Blodgett - RealSource Group; ParaSell, Inc CAP RATE: 6.12%

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00