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1209 Delaware Avenue

Marcus & Millichap Sells Delaware West Shopping Center In McComb For $2.6M
SOLDRetail

Marcus & Millichap Sells Delaware West Shopping Center In McComb For $2.6M

1209 Delaware Avenue

$2,600,000

$47/SF

Building Size

54,450 SF

Asset Type

Retail

Closing

May 22, 2024

AI

The Delaware West Shopping Center in McComb, MS was sold for $2,600,000 on May 22, 2024. The retail asset spans 54,450 square feet and was priced at $48 per square foot. The property, located at 1209 Delaware Avenue, is home to eight tenants and is anchored by Harps Foods.

Summary of transaction details:

During the transaction of the Delaware West Shopping Center, Marcus & Millichap played a key role. Zach Taylor and Eric Abbott represented the seller, a Tennessee developer, while Mickey Davis, the firm's broker of record, provided assistance in finalizing the deal.

Players

Mickey Davis

Marcus & Millichap

Broker

$227.6M

vol

3 deals

Broker

McComb 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93