Clinton Bennett - Bennett Commercial Real Estate Acquires Retail Property In Fayetteville For $12.7M
1303 East Joyce Boulevard, Fayetteville, Arkansas 72703, United States
$12,700,000
$208/SF
Building Size
61,017 SF
Asset Type
Retail
Closing
Aug 31, 2022
AI
The retail property located at 1303 E Joyce Blvd in Fayetteville, AR has been sold for a price of $12,700,000. The property occupies an area of 8.26 acres and offers a total of 61,017 square feet. The price per square foot for this transaction is $208.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,700,000
- Address: 1303 E Joyce Blvd, Fayetteville, AR
- Market: Fayetteville, AR
- Acres: 8.26
The buyer's representative in this deal is Clinton Bennett from Bennett Commercial Real Estate. On the other hand, the seller was represented by Coler Yoakam and Maggie Hood from JLL.
Players
Fayetteville 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93