Private LLC Sells Retail Asset On Atascocita Road To Private LLC In Humble
5324 Atascocita Road, Humble, TX, 77...
Building Size
23,511 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The Centre at Eagle’s Nest, a retail property spanning 23,511 square feet and situated at 5324 Atascocita Road in Humble, Texas, has been sold in a recent transaction. The property, built in 2005, is fully leased and was described as "Amazon-proof" by the seller's representative, Logan Kelly.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 5324 Atascocita Road, Humble, TX, 77346
- Market: Humble
- Buyer: Private LLC represented by Nate Newman of Newman Kelly Real Estate Investment Services
- Seller: Private LLC represented by Logan Kelly of Newman Kelly Real Estate Investment Services
- Square Footage: 23,511 SF
The Woodlands office of Marcus & Millichap facilitated the sale of The Centre at Eagle’s Nest, with Nate Newman not only representing the seller but also securing and representing the buying party. The identities of the limited liability companies involved were not disclosed in the transaction details.
On the Map
Retail
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Players
Humble 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