Ping Management LLC Acquires Retail Property In Sugar Land
4821 LJ Pkwy, Sugar Land, TX, USA
Building Size
28,000 SF
Asset Type
Retail
Closing
May 17, 2020
About this deal
AI
A retail property located at 4821 LJ Parkway in Sugar Land has been sold. The property spans 28,000 square feet and was sold by LJ Parkway LLC. The transaction took place on May 17, 2021. The property was represented by Marc Peeler from NewQuest Properties as the seller's representative. The buyer's representative was Bob Yuanjie from Ping Management LLC.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4821 LJ Parkway, Sugar Land
- Market: Sugar Land
- Square Footage: 28,000
Marc Peeler from NewQuest Properties represented the seller, LJ Parkway LLC, in the transaction. Bob Yuanjie from Ping Management LLC represented the buyer in the deal.
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