DML Colony Place LP Acquires Shopping Center In Sugar Land For $XX.XX Million
4403 Hwy 6, Sugar Land, TX 77478, USA
Building Size
14,050 SF
Asset Type
Retail
Closing
Jul 8, 2020
About this deal
AI
Hass Holdings LLC has sold a shopping center located at 4403-4411 Hwy. 6 in Sugar Land. The property spans across 14,050 square feet.
Summary of transaction details
- Property Type: Shopping Center
- Transaction Amount: Not specified
- Address: 4403-4411 Hwy. 6, Sugar Land
- Market: Sugar Land
- Seller: Hass Holdings LLC
- Buyer: DML Colony Place LP
- Seller's Rep: Ace Schlameus & Jenny Seckinger - Colliers International
- Buyer's Rep: Anita M. Amin - Preston Cunningham Ventures, LLC
The transaction was facilitated by Ace Schlameus & Jenny Seckinger from Colliers International, who represented the seller, and Anita M. Amin from Preston Cunningham Ventures, LLC, who represented the buyer.
On the Map
Retail
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Players
Sugar Land 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