Clinton Bennett - Bennett Commercial Real Estate Acquires Retail Property In Fayetteville For $12.7M
SOLD
$12,700,000
Arkansas
See Similar DealsRetail61,017 SF
Sold 09/01/2022
SOLD
Clinton Bennett - Bennett Commercial Real Estate Acquires Retail Property In Fayetteville For $12.7M
1303 East Joyce Boulevard, Fayetteville, Arkansas 72703, United States
See Similar DealsRetail61,017 SF
Sold 09/01/2022
Summary
ARKANSAS
Asset Type:Retail
Price Per Square Foot:$208
Total Square Footage:61,017 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$677,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,204.48
Annual Debt Service$722,453.75
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