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2510 Main St NE, Los Lunas,...

Arizona MSK, LLC & Garvin Holdings Acquire Retail Property On Main St NE In Los Lunas, NM
SOLDRetail

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

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

Jesse Goldsmith

Newmark

Broker

$127.4M

vol

11 deals

Broker
AL
Arizona MSK LLCBuyer

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