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8030 Farm-to-Market 1765, T...

Marcus & Millichap Brokers Make Sale Of Retail Property In Texas City
SOLDRetail

Marcus & Millichap Brokers Make Sale Of Retail Property In Texas City

8030 Farm-to-Market 1765, Texas City, TX 77591

Building Size

26,318 SF

Asset Type

Retail

Closing

May 24, 2020

AI

A retail property located at 8030 FM 1765 in Texas City has been sold. The property has a total square footage of 26,318. Gus Lagos, Alex Wolansky, Jacob Starr, Zuhare Rizvon, and Riley Sharman from Marcus & Millichap represented the deal as brokers.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 8030 FM 1765, Texas City
  • Market: Texas City
  • BROKERS: Gus Lagos, Alex Wolansky, Jacob Starr, Zuhare Rizvon, & Riley Sharman - Marcus & Millichap

The deal involved a retail property in Texas City, represented by brokers Gus Lagos, Alex Wolansky, Jacob Starr, Zuhare Rizvon, and Riley Sharman from Marcus & Millichap.

Players

Gus Lagos

Marcus & Millichap

Broker

8 deals

Broker

Texas City 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