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8030 Fm1765, Texas City, TX...

Unknown LLC Sells Property In Texas City Represented By Gus Lagos And Jacob Starr Of Marcus & Millichap
SOLDRetail

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

Gus Lagos

Marcus & Millichap

Broker

8 deals

Broker
UL
Unknown LLCSeller

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