Noah Fox And Andrew Leeds Acquire Retail Property In Petal From Woodmont Company For $3.17M
Evelyn Gandy Parkway
$3,170,000
$660/SF
Building Size
4,800 SF
Asset Type
Retail
Closing
Nov 7, 2024
AI
The property asset involved in this transaction is a retail space located at 1088-1090 Evelyn Gandy Parkway in Petal. The sale price was $3,170,000 for a total area of 4,800 square feet, resulting in a price per square foot of $660.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,170,000
- Sale Date: 11/07/2024
- Buyer: Noah Fox & Andrew Leeds
- Seller: Woodmont Company
- Buyer's Representative: Noah Fox - Vertical Real Estate
- Seller's Representatives: Jeff Lefko - Hanley Investment Group; Russel Wehsener - The Woodmont Company
This transaction involved key representatives in the real estate sector. Noah Fox represented the buyers through Vertical Real Estate, while the sellers were represented by Jeff Lefko from Hanley Investment Group and Russel Wehsener from The Woodmont Company.
Players
Petal 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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93