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
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