Arizona MSK, LLC & Garvin Holdings Acquire Retail Property On Main St NE In Los Lunas, NM
2510 Main St NE, Los Lunas, New Mexico 87031, United States
$7,500,000
$144/SF
Building Size
51,892 SF
Asset Type
Retail
Closing
Sep 12, 2022
AI
The retail property located at 2510 Main St NE in Los Lunas, NM, was recently sold in a transaction. The property spans over 51,892 square feet and was sold at a price of $7,500,000, resulting in a price per square foot of $145. The property was acquired by Arizona MSK, LLC and Garvin Holdings, L.L.C from Hawkins Companies.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,500,000
- Square Footage: 51,892
- Price per Square Foot: $145
- Buyer: Arizona MSK, LLC & Garvin Holdings, L.L.C
- Seller: Hawkins Companies
- Brokers: Steve Julius, Jesse Goldsmith & Chase Dorsett - Newmark & Perry Kesler - Sotheby Realty
The deal was facilitated by the brokers involved in the transaction, including Steve Julius, Jesse Goldsmith, Chase Dorsett from Newmark, and Perry Kesler from Sotheby Realty.
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