Colliers Facilitates ClearWater Car Wash Purchase In Magnolia, Texas
7424 Fm 1488
Building Size
—
Asset Type
Retail
Closing
Sep 28, 2023
AI
The ClearWater Car Wash in Magnolia, Texas has been successfully purchased by the buyer's representatives, Todd Moore and Connor Duffy of Colliers. The seller's representative in this transaction was Marc Peeler of NewQuest Properties. Located at 7424 FM1488, the ClearWater Express Car Wash is known for its affordable and efficient service. This retail asset is situated in the thriving Montgomery County submarket, which experiences strong retail demand.
Summary of Transation Details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 7424 FM1488, Magnolia
- Market: Magnolia
- Seller: Magnolia Circle, L.P.
- Seller's Representative: Marc Peeler - NewQuest Properties
- Buyer's Representatives: Todd Moore & Connor Duffy - Colliers
Colliers has successfully facilitated the purchase of the ClearWater Car Wash in Magnolia, Texas. Todd Moore and Connor Duffy of Colliers represented the buyer, while the seller was represented by Marc Peeler of NewQuest Properties.
Players
Magnolia 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93