Giovanni Duque Purchases Retail Asset From Bill Sterling For $700,000 In Crosby
SOLD
$700,000
Texas
See Similar DealsRetail15,000 SF
Sold 11/07/2025
SOLD
Giovanni Duque Purchases Retail Asset From Bill Sterling For $700,000 In Crosby
2800 Crosby Freeway
See Similar DealsRetail15,000 SF
Sold 11/07/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$46
Total Square Footage:15,000 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 2800 Crosby Freeway in the Crosby market. The sale price amounted to $700,000 for a total area of 15,000 square feet, resulting in a price per square foot of $46.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $700,000
- Address: 2800 Crosby Freeway
- Market: Crosby
- Square Footage: 15,000
- Price per Square Foot: $46
- Buyer: Giovanni Duque
- Seller: Bill Sterling
- Buyer's Representative: Amanda Corral - Amada Agency
- Seller's Representative: Sterling Bond - Keller Williams Realty
- Attorney: SelectTitle
Key individuals involved in the deal include the buyer, Giovanni Duque, and the seller, Bill Sterling. The transaction was represented by Amanda Corral of Amada Agency as the buyer's representative and Sterling Bond of Keller Williams Realty as the seller's representative, ensuring a smooth process between both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,486.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,318.36
Annual Debt Service$39,820.29
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