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:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Market: McComb, MS
- Brokers: Eric Abbott, Mickey Davis & Zachary Taylor - Marcus & Millichap
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
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