SQRL Fuel Acquires Retail Property In Houston From Saud Niazi
SOLD
$1,050,000
Texas
See Similar DealsRetail19,166 SF
Sold 04/21/2023
SOLD
SQRL Fuel Acquires Retail Property In Houston From Saud Niazi
4730 Us Highway 59 Shepard Texas
See Similar DealsRetail19,166 SF
Sold 04/21/2023
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$54
Total Square Footage:19,166 SF
Transaction Type:Sale
The property involved in the transaction is a retail asset located at 4730 Us Highway 59 Shepard Texas, with a total area of 19,166 square feet. The property was sold in Houston.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 4730 Us Highway 59 Shepard Texas
- Market: Houston
- Seller: Saud Niazi
- Buyer: SQRL Fuel
- Brokers: Sai Thakor & Jacob Luna - Marcus & Millichap
Marcus and Millichap, represented by Sai Thakor and Jacob Luna, successfully closed the sale of Exxon - Shepard in Houston. The property garnered significant attention in the market, attracting over 30 offers. Despite the competitive environment, Sai Thakor and Jacob Luna were able to secure a deal with one of their strong clients, SQRL Fuel, ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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