Third Edsons Realty Trust Acquires Retail Property In Pollock, LA For $1.31M
SOLD
$1,310,000
Louisiana
See Similar DealsRetail8,800 SF
Sold 07/27/2022
SOLD
Third Edsons Realty Trust Acquires Retail Property In Pollock, LA For $1.31M
8016 Ridge Street, Pollock, Louisiana 71467, United States
See Similar DealsRetail8,800 SF
Sold 07/27/2022
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:8,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82
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