facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Mexico

/

Retail

/

Sale

/

2520 Main Street, Los Lunas...

Arizona MSK LLC & Garvin Holdings LLC Acquire Retail Property In Los Lunas, NM For $7.5M
SOLDRetail

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

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.

Players

Jesse Goldsmith

Newmark

Broker

$127.4M

vol

11 deals

Broker
AL
Arizona MSK LLCBuyer
HC
Hawkins CosSeller

Los Lunas Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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