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
About this deal
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.
On the Map
$1,310,000
$148/SF
Retail
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Players
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