LCDM Investments, LLC Acquires Retail Property In Pearland From The Buddy's Run, LLC With Tyler Clements Representing The Buyer And Jeffrey Jackson Representing The Seller
3547 McHard Road, Pearland, TX 77581, USA
Building Size
10,000 SF
Asset Type
Retail
Closing
Sep 19, 2021
About this deal
AI
LCDM Investments, LLC has purchased a retail property located at 3547 McHard Road in Pearland. The property spans 10,000 square feet and was sold by The Buddy's Run, LLC. Tyler Clements of NAI Partners represented the buyer, while Jeffrey Jackson of CBRE represented the seller in the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 09/19/2021
- Address: 3547 McHard Road, Pearland
- Market: Pearland
- Asset Type: Retail
- Square Footage: 10,000
The deal was facilitated by Tyler Clements from NAI Partners, who represented LCDM Investments, LLC as the buyer. On the seller's side, Jeffrey Jackson from CBRE acted as the representative for The Buddy's Run, LLC. Both parties successfully concluded the transaction on 09/19/2021.
Players
Pearland 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