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6099 Gulfway Drive

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

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

Nabeel Ali

Keller Williams Realty

Broker

$5.7M

vol

16 deals

Broker

Ali Ahmed

Buyer

$61.2M

vol

3 deals

Buyer

Market 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93