JNK Property Group Acquires Retail & Office Portfolio In Conroe, Texas
Office Portfolio,Conroe,Texas
Building Size
50,335 SF
Asset Type
Retail
Closing
Mar 28, 2023
About this deal
AI
A retail and office portfolio located in Conroe has been sold for an undisclosed amount. The property spans an impressive 50,335 square feet and includes both retail and office spaces. The sale transaction was completed on 28th March 2023.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: Undisclosed
- Address: Conroe
- Size: 50,335 square feet
Kristi Delafuente from JNK Property Group represented the buyer in this transaction, while Jeff Beard & Bonnie Pfrenger from SVN | J. Beard Real Estate acted as the seller's representatives.
Players
Conroe Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
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