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6421 Bingle Road

Krystal Tidwell Ventures Sells Goyaco Gas Station And Retail In Houston For $6.85M
SOLDRetail

Krystal Tidwell Ventures Sells Goyaco Gas Station And Retail In Houston For $6.85M

6421 Bingle Road

$6,900,000

$86/SF

Building Size

79,714 SF

Asset Type

Retail

Closing

Sep 16, 2022

AI

Marcus and Millichap is pleased to announce the sale of Goyaco Gas Station and Retail in Houston, Texas. This owner-operated gas station, located at 6421 Bingle Rd., encompasses a total of 79,714 square feet in a retail space. The property was sold by Krystal Tidwell Ventures for a sale price of $6,850,000. The gas station was delivered without a fuel contract, offering potential opportunities for evaluation, disposition, and acquisition. For more information on gas station evaluations and deal inquiries, please contact Sai Thakor, the broker representative from Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,850,000
  • Address: 6421 Bingle Rd.
  • Market: Houston
  • Square Footage: 79,714 SF
  • Seller: Krystal Tidwell Ventures
  • Brokers: Sai Thakor & Jacob Luna - Marcus & Millichap
  • Date: 09/16/2022

It is worth noting that this gas station sale represents an exciting opportunity within the Houston market. The successful transaction was facilitated by the brokers, Sai Thakor and Jacob Luna, who demonstrated their expertise in the industry while representing Marcus & Millichap. Their tireless efforts and invaluable insights enabled the smooth completion of the deal, showcasing their commitment to maximizing value for their clients in the competitive retail real estate market.

Players

Sai Thakor

CBRE

Broker

$80.6M

vol

26 deals

Broker
V
VenturesSeller

Houston 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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93