Palmer Auto, LP
| Status | Active |
|---|---|
| Address | 2627 Palmer Hwy / Texas City, Texas 77591 |
| County | Galveston |
| Type | Dealership |
PROPERTY PROFILE
| Acreage | 2.5 acres |
|---|---|
| Zoning | Commercial |
| Unit Mix | 2 Office/Warehouse Buildings |
| Number of units | 5 Units |
| Currently Leased | no |
FINANCIAL INFORMATION
| Purchase Date | 06/28/2007 |
|---|---|
| Purchase Price | $825,000 |
| Total Cost | $1,125,000 |
| Estimated Site Rehab Cost | $300,000 |
| Current Occupancy | 100 |
|---|---|
| Sales Date | Not Sold |
The property is located on the main highway in Texas City, Texas. It is approximately 2.5 acres and includes 2 buildings. The seller operated a used car business on the property. Seller was awarded a new car dealership, and was required to close this business. Seller needed immediate cash to help finance the new dealership, and listed the property for a quick sale. We have broken the property into five rentable spaces. The entire property has been leased with strong tenants (British Petroleum), on a long term basis.
Map
Returns
| Net Annualized returns from sale |
N/A |
|---|---|
| Total Net Annualized Return |
|
| Average Annual Return |
Property Highlights
The property is located on the main highway in Texas City, Texas. It is approximately 2.5 acres and includes 2 buildings. The seller operated a used car business on the property. Seller was awarded a new car dealership, and was required to close this business. Seller needed immediate cash to help finance the new dealership, and listed the property for a quick sale. We have broken the property into five rentable spaces. The entire property has been leased with strong tenants (British Petroleum), on a long term basis.
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