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27100 I-45, Oak Ridge North...

DLC Management Corp. Acquires Retail Property In Oak Ridge North From Crow Holdings Capital
SOLDRetail

DLC Management Corp. Acquires Retail Property In Oak Ridge North From Crow Holdings Capital

27100 I-45, Oak Ridge North, TX 77385

Building Size

211,218 SF

Asset Type

Retail

Closing

Apr 3, 2022

AI

The retail property located at 27100-27800 Interstate 45 N in Oak Ridge North has been sold. The property spans 211,218 square feet and sits on a total of 19.56 acres. The transaction took place on April 4, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 27100-27800 Interstate 45 N, Oak Ridge North
  • Market: Oak Ridge North
  • Size: 211,218 square feet
  • Acres: 19.56

DLC Management Corp. purchased the property from Crow Holdings Capital. The deal was facilitated by brokers Ryan West, Rusty Tamlyn, and Ethan Goldberg from JLL. The specific transaction amount was not disclosed.

The mortgage for the sale was handled by Cameron Cureton and Jack Britton, both from JLL.

Players

Ethan Goldberg

JLL

Broker

$46M

vol

5 deals

Broker
DC
DLC Management Corp.Buyer

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