SQRL Fuel Acquires Retail Property In Houston From Saud Niazi
4730 Us Highway 59 Shepard Texas
$1,050,000
$54/SF
Building Size
19,166 SF
Asset Type
Retail
Closing
Apr 21, 2023
AI
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.
Players
Market 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93