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8016 Ridge Street, Pollock,...

Third Edsons Realty Trust Acquires Retail Property In Pollock, LA For $1.31M
SOLDRetail

Third Edsons Realty Trust Acquires Retail Property In Pollock, LA For $1.31M

8016 Ridge Street, Pollock, Louisiana 71467, United States

$1,310,000

$148/SF

Building Size

8,800 SF

Asset Type

Retail

Closing

Jul 26, 2022

AI

The retail property located at 8016 Ridge Street in Pollock, LA has been sold. The property spans 8,800 square feet and was sold for $1,310,000, resulting in a price per square foot of $149. The transaction took place on July 27, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,310,000
  • Address: 8016 Ridge Street, Pollock, LA
  • Square Footage: 8,800
  • Price Per Square Foot: $149

The buyer of the property is Third Edsons Realty Trust, while the seller is Pickle Investments, LLC. The transaction was facilitated by Justin Sturdivant and Eddie Greenhalgh from Marcus & Millichap.

Players

Justin Sturdivant

Franklin Street

Broker

$30.3M

vol

3 deals

Broker

Pollock 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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93