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5324 Atascocita Road, Humbl...

Private LLC Sells Retail Asset On Atascocita Road To Private LLC In Humble
SOLDRetail

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

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:

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.

Players

Logan Kelly

Newman Kelly Real Estate Investment Services

Broker

2 deals

Broker
PL
Private LLCSeller

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