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680 Interstate 45 South

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

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

Sai Thakor

CBRE

Broker

$80.6M

vol

26 deals

Broker

Market 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