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
Houston 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93