facebook
Traded Co logo
Submit

OHK Global Acquires Lucky J's Travel Stop In Teague, TX For $6.9M

Property Image
SOLD
$6,900,000

Texas

See Similar Deals
Retail
Sold 03/03/2023
the dealplayerscompscontact
Property Image
SOLD

OHK Global Acquires Lucky J's Travel Stop In Teague, TX For $6.9M

680 Interstate 45 South

See Similar Deals
Retail
Sold 03/03/2023
Contact now

Summary

TEXAS
Asset Type:Retail
Transaction Type:Sale

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

Sai Thakor
25 deals$80.6M volume(832) 689-5400
BROKER

Jacob Luna
Marcus & Millichap
12 deals$66M volume
BROKER

Details

SOLD
IMAGE: Sai Thakor & Jacob Luna DATE: 03/03/2023 ADDRESS: 680 Interstate 45 South MARKET: Teague, TX ASSET TYPE: Retail BUYER: OHK Global BROKERS: Jacob Luna (@Jacobluna10) & Sai Thakor (@Saithakor) - Marcus & Millichap (@MarcusMillichap_Houston) SALE PRICE: $6,900,000 SF: 12,000~ PPSF: $575 ACRES: 6.7 NOTE FROM BROKERS: Marcus and Millichap is proud to announce the closing of Lucky J's Travel Stop in Teague, Texas. This deal was acquired by a private equity that owns and operates Convenience Stores, Gas Stations and Truck Stops. Marcus and Millichap Represented both parties in this acquisition / disposition.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24