Daniel Lanni Of Kislak Represents Retail Sale At 178 West Veterans Highway In Jackson For $2.8M
178 West Veterans Highway
$2,800,000
$347/SF
Building Size
8,068 SF
Asset Type
Retail
Closing
Dec 12, 2024
AI
The property involved in this transaction is a retail asset located at 178 West Veterans Highway in Jackson. The sale price for the property was $2,800,000, encompassing a total square footage of 8,068, which results in a price per square foot of $347.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 178 West Veterans Highway
- Market: Jackson
- Square Footage: 8,068
- Price Per Square Foot: $347
- Broker: Daniel Lanni - Kislak
Daniel Lanni from Kislak represented the transaction, facilitating the negotiation and closing process. The details surrounding the involvement of other parties in the deal were not specified.
Players
Jackson 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93