OHK Global Acquires Lucky J's Travel Stop In Teague, TX For $6.9M
680 Interstate 45 South
$6,900,000
Building Size
—
Asset Type
Retail
Closing
Mar 3, 2023
AI
Lucky J's Travel Stop in Teague, Texas has recently closed in a sale transaction. The property is a retail asset located at 680 Interstate 45 South in the Teague market. The property spans approximately 12,000 square feet and sits on 6.7 acres of land. The sale price for this transaction was $6,900,000, resulting in a price per square foot of $575.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,900,000
- Address: 680 Interstate 45 South, Teague, TX
- Market: Teague, TX
- Size: 12,000 square feet
- Price per Square Foot: $575
- Acres: 6.7
This deal was facilitated by Marcus & Millichap, whose brokers Jacob Luna and Sai Thakor represented both the buyer and seller. The buyer in this transaction is OHK Global, a private equity firm specializing in convenience stores, gas stations, and truck stops. Marcus and Millichap is proud to have been involved in this acquisition/disposition.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93