Quick ‘N Clean Carwash Acquires Retail Property In Houston
4976 Highway 6 N, Houston, Texas 77084, United States
Building Size
—
Asset Type
Retail
Closing
Apr 17, 2023
AI
Located at 4976 TX 6 N in Houston, this retail property spanning 0.74 acres has recently been sold. The transaction took place on January 16, 2023, and the property was acquired by Quick ‘N Clean Carwash from the seller, IPX 1031 Investment Property Exchange Services Inc. The deal was facilitated by Nick Ramsey from NewQuest Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4976 TX 6 N, Houston
- Market: Houston
- Acres: 0.74
Nick Ramsey, representing NewQuest Properties, played a crucial role in the transaction as the broker. With the completion of this sale, Quick ‘N Clean Carwash can now enhance its presence in the Houston market through this retail property acquisition.
Players
Houston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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