Unknown LLC Sells Property In Texas City Represented By Gus Lagos And Jacob Starr Of Marcus & Millichap
8030 Fm1765, Texas City, TX, 77591
Building Size
26,318 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property involved in this transaction is the Three Palms Retail Center, located at 8030 Fm1765, Texas City, TX, 77591. The facility encompasses a total area of 26,318 square feet within the Texas City market, situated south of Houston.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Not specified
- Address: 8030 Fm1765, Texas City, TX, 77591
- Market: Texas City
- Seller: Unknown LLC
- Seller's Representative: Gus Lagos - Marcus & Millichap, Jacob Starr - Marcus & Millichap
- Buyer: Unknown LLC
- Buyer's Representative: Riley Sharman - Marcus & Millichap
- Square Footage: 26,318
The transaction was brokered by Marcus & Millichap, with multiple representatives involved in representing the seller, including Gus Lagos, Jacob Starr, and others. The buyer was also facilitated by Riley Sharman, representing the anonymous LLC involved in the deal.
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