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3091 College Park Drive

Last Mile Investments Acquires Retail Property On College Park Drive In The Woodlands
SOLDRetail

Last Mile Investments Acquires Retail Property On College Park Drive In The Woodlands

3091 College Park Drive

Building Size

70,227 SF

Asset Type

Retail

Closing

Jan 4, 2024

AI

Last Mile Investments, represented by EDGE Realty Partners, has acquired College Park Plaza, a 70,227-square-foot shopping center located at 3091 College Park Drive in The Woodlands. The transaction details, including the seller and sales price, have not been disclosed.

Summary of transaction details

  • Property Type: Retail
  • Square Footage: 70,227
  • Address: 3091 College Park Drive
  • Market: The Woodlands

Chace Henke and Micha Van Marcke from Edge Realty Partners were the brokers involved in the deal.

Note: EDGE Realty Partners orchestrated the sale of College Park Plaza, a 70,227-square-foot shopping center in The Woodlands, north of Houston. Last Mile Investments, represented by EDGE, acquired the property, with details of the seller and sales price undisclosed.

Players

Chace Henke

Edge Realty Partners

Broker

9 deals

Broker

Ryan Moore

Last Mile Investments

Buyer

$34.1M

vol

3 deals

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