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Pacific Bay Investments Sells Kroger-Occupied Retail Property In Laurel For $3.6 Million
SOLD
$3,600,000
Mississippi
See Similar DealsRetail44,046 SF
Sold 06/02/2025
SOLD
Pacific Bay Investments Sells Kroger-Occupied Retail Property In Laurel For $3.6 Million
Laurel Dr
See Similar DealsRetail44,046 SF
Sold 06/02/2025
Summary
MISSISSIPPI
Asset Type:Retail
Price Per Square Foot:$81
Total Square Footage:44,046 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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