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178 West Veterans Highway

Daniel Lanni Of Kislak Represents Retail Sale At 178 West Veterans Highway In Jackson For $2.8M
SOLDRetail

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

Daniel Lanni

Kislak

Broker

$182.6M

vol

36 deals

Broker

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