Radkey Jolink Acquires Retail Asset In Missouri City From Raymond James Trust With STRIVE Brokers
5750 Texas Highway 6
Building Size
6,827 SF
Asset Type
Retail
Closing
Dec 12, 2024
AI
The asset involved in the transaction is a retail property located at 5750 Texas Highway 6 in Missouri City. This property spans a total of 6,827 square feet and is classified as a value-add retail asset within the Houston Metropolitan Statistical Area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5750 Texas Highway 6
- Market: Missouri City
- Square Footage: 6,827
- Buyer: Radkey Jolink
- Seller: Raymond James Trust
- Broker Representatives: Jackson Brewer & Jake Dutson - STRIVE
STRIVE represented Radkey Jolink in the acquisition of the retail asset, marking a strategic acquisition in the Houston MSA market.
Players
Missouri City 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