Jerry James Acquires Retail Asset From Perry Adams In The Woodlands For Sale Lease-Back
9996 Woodlands Parkway
Building Size
8,086 SF
Asset Type
Retail
Closing
Jan 9, 2025
AI
The asset involved in this transaction is a retail property located at 9996 Woodlands Parkway in The Woodlands, Texas. The sale lease-back transaction pertains to Adams Automotive, though specific details regarding price and square footage were not disclosed.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Jerry James
- Seller: Perry Adams
- Brokers: Jackson Brewer & Jason Vitorino - STRIVE
Jackson Brewer and Jason Vitorino represent STRIVE in the facilitation of this transaction, highlighting their role in the sale lease-back arrangement for the retail property in the market of The Woodlands.
Players
Spring 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