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Marcus & Millichap Closes Sale Of Retail Property At 750 Buffalo Run In Missouri City For $5.05M

Property Image
SOLD
$5,050,000

Texas

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Retail45,085 SF
Sold 12/31/2024
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Property Image
SOLD

Marcus & Millichap Closes Sale Of Retail Property At 750 Buffalo Run In Missouri City For $5.05M

750 Buffalo Run

See Similar Deals
Retail45,085 SF
Sold 12/31/2024
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:45,085 SF
Transaction Type:Sale

The property involved in the transaction is a retail asset located at 750 Buffalo Run, Missouri City, Texas. The sale price for the property was $5,050,000, and it encompasses a total square footage of 45,085. The property was sold at a price per square foot of $112.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,050,000
  • Address: 750 Buffalo Run, Missouri City
  • Square Footage: 45,085
  • Price Per Square Foot: $112
  • Broker: Sai Thakor - Marcus & Millichap
  • Closing Date: 12/31/2024

The transaction was facilitated by the Luna Thakor Group at Marcus & Millichap. The deal was notably completed with a private fund that provided all cash, resulting in a streamlined closing process. The closing duration was record-fast, taking just two weeks to finalize.

Players

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

Details

SOLD
IMAGE: Sai Thakor DATE: 12/31/2024 ADDRESS: 750 Buffalo Run MARKET: Missouri City ASSET TYPE: Retail BROKER: Sai Thakor (@SaiThakor) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $5,050,000 SF: 45,085 ~ PPSF: $112 NOTE FROM BROKER: The Luna Thakor Group at Marcus & Millichap is excited to announce the successful closing of 750 Buffalo Run in Missouri City, Texas. This brand-new, 7,250 sq. ft. gas station was delivered turnkey, with no fueling agreements in place. Notably, the property closed in just two weeks, marking a record-fast closing for the group. The transaction was completed with a private fund that paid all cash, streamlining the process for both parties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$269,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92