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749 W Goodman Rd Horn Lake,...

Eddie Surkin & Alicia Surkin Acquire Retail Property In Horn Lake For $1.95M
SOLDRetail

Eddie Surkin & Alicia Surkin Acquire Retail Property In Horn Lake For $1.95M

749 W Goodman Rd Horn Lake, MS 38637

$1,950,000

$329/SF

Building Size

5,916 SF

Asset Type

Retail

Closing

Feb 23, 2022

AI

A retail property located at 749 W. Goodman Rd. in Horn Lake has been sold for a total price of $1,950,000. The property spans a total of 5,916 square feet, resulting in a price per square foot of $329.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $1,950,000
  • Address: 749 W. Goodman Rd.
  • Market: Horn Lake
  • SF: 5,916
  • PPSF: $329

The buyers of the property are Eddie Surkin and Alicia Surkin. The sale was facilitated by Rick Ramirez, Eric Mandell, and Chris Kim of Ally Commercial Real Estate who represented the buyers in the transaction.

Players

Rick Ramirez

Ally Commercial Real Estate

Broker

$82.9M

vol

22 deals

Broker

Eddie Surkin

Buyer

$6.9M

vol

3 deals

Buyer

Horn Lake Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93