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4003 Rustic Woods Dr, Humbl...

Private Investor Acquires Property At 4003 Rustic Woods Dr Humble TX Through Gus Lagos Of Marcus & Millichap
SOLDRetail

Private Investor Acquires Property At 4003 Rustic Woods Dr Humble TX Through Gus Lagos Of Marcus & Millichap

4003 Rustic Woods Dr, Humble, TX 77339

Building Size

17,266 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this transaction is a retail center located at 4003 Rustic Woods Dr, Humble, TX 77339. It has a total area of 17,266 square feet and is situated in the Kingwood market, which is a master-planned community on the northern outskirts of Houston. The retail center was previously owned by a private limited liability company.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: Not Disclosed
  • Address: 4003 Rustic Woods Dr, Humble, TX 77339
  • Market: Kingwood
  • Buyer's Representative: Gus Lagos - Marcus & Millichap
  • Buyer: Private Investor
  • Seller's Representative: Nate Newman - Marcus & Millichap
  • Seller: Private LLC
  • Square Footage: 17,266

Nate Newman represented the seller, a private limited liability company, in this transaction, while Gus Lagos represented the buyer, a private investor. Both representatives are associated with Marcus & Millichap, a firm known for its focus on commercial real estate transactions.

Players

Gus Lagos

Marcus & Millichap

Broker

8 deals

Broker
PL
Private LLCSeller

Kingwood 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