Private Investor Acquires Property At 3332 Spring Stuebner Rd Spring Texas With Seller's Reps Joshua Lass-Sughrue And Jason Ridenbaugh
3332 Spring Stuebner Rd, Spring, TX...
Building Size
66,125 SF
Asset Type
Retail
Closing
Oct 9, 2019
AI
The property asset involved in the transaction is Spring Stuebner Plaza, a retail and office warehouse located at 3332 Spring Stuebner Rd, Spring, TX. The total area of the property is 66,125 square feet. At the time of sale, the property was fully leased, and it is situated near Springwoods Village, on the northern outskirts of Houston.
Summary of transaction details:
- Property Type: Retail and Office Warehouse
- Transaction Amount: Not disclosed
- Address: 3332 Spring Stuebner Rd, Spring, TX
- Market: Spring
- Seller: Spring Stuebner Realty Ltd.
- Seller's Representative: Joshua Lass-Sughrue & Jason Ridenbaugh - NAI Partners
- Buyer: Private Investor
- Square Footage: 66,125
The negotiation for this sale was facilitated by Joshua Lass-Sughrue and Jason Ridenbaugh, who represented the seller in the transaction. The buyer of the property is identified as a private investor, whose details remain undisclosed.
Players
Spring Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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