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
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