Noah Fox And Andrew Leeds Acquire Retail Property From Woodmont Company For $1.925M In Shreveport
6215 Greenwood Road
$1,925,000
$802/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Nov 7, 2024
About this deal
AI
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.
Players
Shreveport 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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93