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Read King Commercial Sells 57612 Square Foot Retail Center In Conroe Texas Represented By Strive
SOLD
Texas
See Similar DealsRetail57,612 SF
Sold 08/12/2024
SOLD
Read King Commercial Sells 57612 Square Foot Retail Center In Conroe Texas Represented By Strive
Retail57,612 SF
Sold 08/12/2024
Summary
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:57,612 SF
Transaction Type:Sale
The transaction involved the sale of Teas Crossing, a retail shopping center located at Teas Road & I-45 in Conroe, Texas. The asset encompasses 57,612 square feet and was 70% leased to well-known tenants, including Verizon and Benihana.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: Teas Road & I-45
- Market: Conroe
- Seller: Jeff Read & Ewing King - Read King Commercial
- Buyer's Representative: John Harry - John Harry Realty Advisors
- Seller's Representatives: Adam Gottschalk & Jake Dutson - Strive
STRIVE successfully arranged the sale of the property, with brokers Adam Gottschalk and Jake Dutson representing the seller. John Harry represented the buyer, who is identified as a Houston-based 1031 exchange investor, facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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