Red Oak Commercial & Component Capital Group Acquires Retail Property In Corpus Christi From Vaquero Saratoga Partners
6410 Weber Road, Corpus Christi, Texas 78413, United States
Building Size
30 SF
Asset Type
Retail
Closing
Dec 12, 2022
About this deal
AI
A retail property located at 6410 Weber Rd in Corpus Christi has been sold in a recent transaction. The property covers an area of 30,056 square feet and was sold on 12/12/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided in CONTEXT
The buyer of the property is Red Oak Commercial & Component Capital Group, while the seller is Vaquero Saratoga Partners. The transaction was facilitated by David Luther from NewQuest Properties, who represented the buyer.
On the Map
Retail
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Players
Corpus Christi 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