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
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