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749 Goodman Road West

Bingjie Lian Qiong Lin Jianjing Wu Acquire Retail Property In Horn Lake For $2.75M
SOLDRetail

Bingjie Lian Qiong Lin Jianjing Wu Acquire Retail Property In Horn Lake For $2.75M

749 Goodman Road West

$2,750,000

$464/SF

Building Size

5,916 SF

Asset Type

Retail

Closing

Aug 12, 2024

AI

The property asset involved in the transaction is a retail space located at 749 Goodman Road West in Horn Lake. The sale price of the property was $2,750,000, covering an area of approximately 5,916 square feet, which equates to a price per square foot of $464.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,750,000
  • Address: 749 Goodman Road West
  • Market: Horn Lake
  • Square Footage: 5,916
  • Price Per Square Foot: $464
  • Buyer: Bingjie Lian, Qiong Lin & Jianjing Wu
  • Seller: Eddie & Alicia Surkin
  • Buyer's Representative: Yu-Chi Chou - Adaro
  • Seller's Representative: Eric Mandell - Ally Commercial Real Estate
  • Tenant's Representative: Robert Sloan - TSCG

The transaction involved multiple representatives, with Yu-Chi Chou representing the buyers, and Eric Mandell representing the sellers. Additionally, Robert Sloan acted as the tenant's representative. The deal highlights the engagement of experienced professionals in facilitating the retail property transaction.

Players

Eric Mandell

Ally Commercial Real Estate

Broker

$212.5M

vol

31 deals

Broker

Horn Lake 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93