Dutch Bros Acquires Retail Property In Missouri City From NewQuest Properties
Fort Bend Tollway, Missouri City, Texas 77489, United States
Building Size
—
Asset Type
Retail
Closing
Feb 13, 2022
AI
A retail property located at the southwest corner of Hwy 6 & Fort Bend Tollway in Missouri City has been sold. The property covers an area of 1.23 acres.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 02/14/2022
- Address: SWC of Hwy 6 & Fort Bend Tollway
- Market: Missouri City
- Acres: 1.23
The buyer of the property is Dutch Bros, while NewQuest Properties acted as the seller. Greg Slusky & Whitney Fisher from Sluco Realty represented the buyer as their brokers, and Kevin Sims from NewQuest Properties represented the seller.
Players
Fresno Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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