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311 South Bryan Road

Faris Lee Investments Brokers Sale Of Mission Gateway Retail Center To All-Cash REIT
SOLDRetail

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

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:

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.

Players

Jeff Conover

Faris Lee Investments

Broker

$346M

vol

28 deals

Broker
Faris Lee Investments
Faris Lee InvestmentsBrokerage

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