Updated Oct 23, 2025
Odeh Investments Acquires Grocery-Anchored Retail Center In Gallup From Rhino Investments For $16.7M
1700 E Hwy 66 Gallup, N
$16,700,000
Building Size
—
Asset Type
Retail
Closing
Oct 22, 2025
About this deal
AI
The property asset involved in the transaction is a grocery-anchored retail center known as Zecca Plaza, located at 1700 East Highway 66 in Gallup, NM. The asset was sold for $16,700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,700,000
- Buyer: Odeh Investments
- Seller: Rhino Investments
- Brokers: Don MacLellan, Jeff Conover, Scott DeYoung & Chris DePierro - Faris Lee Investments
Faris Lee Investments represented the seller, Rhino Investments, in the acquisition of Zecca Plaza by Odeh Investments. The transaction took place on October 22, 2025.
On the Map
$16,700,000
Retail
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Players
Gallup 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93