Noah Fox And Andrew Leeds Acquire Retail Property In Petal From Woodmont Company For $3.17M
SOLD
$3,170,000
Mississippi
See Similar DealsRetail4,800 SF
Sold 11/07/2024
SOLD
Noah Fox And Andrew Leeds Acquire Retail Property In Petal From Woodmont Company For $3.17M
Evelyn Gandy Parkway
See Similar DealsRetail4,800 SF
Sold 11/07/2024
Summary
MISSISSIPPI
Asset Type:Retail
Price Per Square Foot:$660
Total Square Footage:4,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,262.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,027.42
Annual Debt Service$180,329.01
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