Faris Lee Investments Brokers Sale Of Mission Gateway Retail Center To All-Cash REIT
311 South Bryan Road
Building Size
92,117 SF
Asset Type
Retail
Closing
Oct 7, 2025
About this deal
AI
The transaction involved the sale of a retail center located at 311 South Bryan Road in Mission, Texas. The asset features a total square footage of 92,117, and is anchored by major retailers Burlington and Murdoch’s Ranch & Home Supply. The property was sold by a Texas-based developer to an all-cash REIT.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 92,117
- Address: 311 South Bryan Road
- Market: Mission
- Brokers: Don MacLellan, Jeff Conover & Scott DeYoung - Faris Lee Investments
Faris Lee Investments played a pivotal role in brokering the sale, with Don MacLellan, Jeff Conover, and Scott DeYoung representing the seller in this transaction.
On the Map
Retail
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Alton 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