facebook
Traded Co logo
Submit

Ahmed Ali Acquires Retail Property In Groves, Texas For $1.65M

Property Image
SOLD
$1,650,000

Texas

See Similar Deals
Retail3,956 SF
Sold 05/01/2023
the dealplayerscompscontact
Property Image
SOLD

Ahmed Ali Acquires Retail Property In Groves, Texas For $1.65M

6099 Gulfway Drive

See Similar Deals
Retail3,956 SF
Sold 05/01/2023
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$417
Total Square Footage:3,956 SF
Transaction Type:Sale

A retail property located at 6099 Gulfway Drive in Groves, Texas has been sold for $1,650,000. The property spans across 3,956 square feet and was purchased at a price per square foot of $417. The transaction took place between the buyer, Ahmed Ali, and the seller, Shahrukh Ali. The deal was facilitated by broker Nabeel Ali from Keller Williams.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $1,650,000
  • Square Footage: 3,956
  • Price per Square Foot: $417
  • Address: 6099 Gulfway Drive, Groves, Texas
  • Buyer: Ahmed Ali
  • Seller: Shahrukh Ali
  • Broker: Nabeel Ali - Keller Williams

Nabeel Ali Realty with KW is pleased to announce the closing on Chevron in Groves, Texas. Nabeel Ali can be reached at 210-776-3325 if you are looking for a gas station or land for a gas station in the Texas area.

Players

Nabeel Ali
15 deals$5.7M volume
BROKER

Details

SOLD
IMAGE: Nabeel Ali DATE: 05/12/2023 ADDRESS: 6099 Gulfway Drive MARKET: Groves ASSET TYPE: Retail BUYER: Ahmed Ali SELLER: Shahrukh Ali BROKER: Nabeel Ali (@Nabeelali.Txrealtor) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,650,000 SF: 3,956 ~ PPSF: $417 Note From Broker: Nabeel Ali Realty with KW is pleased to announce the closing on Chevron in Groves, Texas. Reach out to Nabeel Ali at 210-776-3325 if you are looking for Gas station or land for gas station in Texas area.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10