Ahmed Ali Acquires Retail Property In Groves, Texas For $1.65M
6099 Gulfway Drive
$1,650,000
$417/SF
Building Size
3,956 SF
Asset Type
Retail
Closing
May 1, 2023
AI
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
Market 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93