Noah Fox And Andrew Leeds Acquire Retail Property From Woodmont Company For $1.925M In Shreveport
SOLD
$1,925,000
Louisiana
See Similar DealsRetail2,400 SF
Sold 11/07/2024
SOLD
Noah Fox And Andrew Leeds Acquire Retail Property From Woodmont Company For $1.925M In Shreveport
6215 Greenwood Road
See Similar DealsRetail2,400 SF
Sold 11/07/2024
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$802
Total Square Footage:2,400 SF
Transaction Type:Sale
The property located at 6215 Greenwood Road in Shreveport is a retail asset encompassing 2,400 square feet. The sale was executed at a price of $1,925,000, resulting in a price per square foot of $802.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,925,000
- Sale Date: 11/07/2024
- Buyers: Noah Fox & Andrew Leeds
- Seller: Woodmont Company
- Buyer's Representative: Noah Fox - Vertical Real Estate
- Seller's Representatives: Jeff Lefko - Hanley Investment Group; Russel Wehsener - The Woodmont Company
Noah Fox and Andrew Leeds purchased the retail property from Woodmont Company, with Noah Fox also acting as the buyer's representative through Vertical Real Estate. The seller was represented by Jeff Lefko from Hanley Investment Group and Russel Wehsener from The Woodmont Company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79
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