2GR Equity LLC & Tarantino Properties Acquire Retail Property In League City
3040 Gulf Fwy S, League City, TX, USA
Building Size
195,000 SF
Asset Type
Retail
Closing
Jun 22, 2021
About this deal
AI
The retail property located at 3040 Gulf Fwy S in League City has been sold. The property spans 195,000 square feet and is situated on approximately 31.5 acres. The transaction took place on June 23, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3040 Gulf Fwy S, League City
- Market: League City
- Square Footage: 195,000
- Acres: 31.5
The buyer of the property is 2GR Equity LLC, represented by David Gregory and Isaac Gregory. They were joined by Anthony Tarantino from Tarantino Properties, who also played a role in the acquisition.
Players
League City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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