Updated Oct 28, 2024
Arizona MSK LLC & Garvin Holdings LLC Acquire Retail Property In Los Lunas, NM For $7.5M
2520 Main Street, Los Lunas, New Mexico 87031, United States
$7,500,000
$144/SF
Building Size
51,892 SF
Asset Type
Retail
Closing
Sep 14, 2022
About this deal
AI
The retail property located at 2150-2520 Main St NE in Los Lunas, NM has been sold in a recent transaction. The property spans a total area of 51,892 square feet and was sold for a price of $7,500,000, resulting in a price per square foot of $145. The sale was finalized on September 15, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Address: 2150-2520 Main St NE, Los Lunas, NM
- Market: Los Lunas, NM
The buyer in this transaction was Arizona MSK LLC and Garvin Holdings LLC, while Hawkins Cos acted as the seller. The deal was facilitated by the following brokers: Steve Julius, Jesse Goldsmith, and Chase Dorsett from Newmark, and Perry Kesler from Sotheby Realty.
On the Map
$7,500,000
$144/SF
Retail
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Players
Los Lunas 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93