Updated Jun 6, 2025
Pacific Bay Investments Sells Kroger-Occupied Retail Property In Laurel For $3.6 Million
Laurel Dr
$3,600,000
$81/SF
Building Size
44,046 SF
Asset Type
Retail
Closing
Jun 2, 2025
About this deal
AI
A retail property located at 2340 Highway 15 North in Laurel, MS was sold for $3,600,000. The property spans 44,046 square feet, resulting in a price per square foot of $82. This asset includes a fuel station and is occupied by a Kroger store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 2340 Highway 15 North
- Market: Laurel, MS
- Square Footage: 44,046
- Price per Square Foot: $82
- Seller: Pacific Bay Investments, Inc
- Broker Reps: Julius Swolsky & Shannon Bona - CrownPoint Partners
CrownPoint Partners facilitated the transaction, representing the seller in the deal involving the Kroger-occupied retail property. The brokerage played a significant role in bringing this sale to completion.
Players
Laurel 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93