Sam Moon Group Sells Metropark Square Retail Development In Shenandoah Texas By STRIVE Brokers
8888 Metropark Drive
Building Size
173,000 SF
Asset Type
Retail
Closing
Oct 14, 2025
AI
The property involved in this transaction is a retail asset located at 8888 Metropark Drive in Shenandoah, Texas. This mixed-use development spans 173,000 square feet and is anchored by recognized establishments such as Dave & Buster’s, AMC Theatre, and Hyatt House.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 173,000
- Address: 8888 Metropark Drive
- Market: Shenandoah
- Seller: David Moon - Sam Moon Group
- Brokers: Jake Dutson & Jennifer Pierson - STRIVE
Jake Dutson and Jennifer Pierson of STRIVE represented the seller, Sam Moon Group, in the transaction. They successfully secured a buyer from a family office based in Plano, Texas, contributing to the effective closure of the deal.
Players
Conroe 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