Johnston Real Estate Farmington Sells Retail Property On East Main St For $6.5M With Brokers Matt Berres, Samer Khalil, Karick Brown, And John Ransom
5200 East Main Street, Farmington, New Mexico 87402, United States
$6,500,000
Building Size
—
Asset Type
Retail
Closing
Aug 22, 2022
AI
The retail property located at 5200 E Main St in Farmington, NM was recently sold for a total price of $6,500,000. The sale was facilitated by Johnston Real Estate Farmington, with the assistance of brokers Matt Berres, Samer Khalil, Karick Brown from Newmark, and John Ransom from Colliers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Seller: Johnston Real Estate Farmington
- Brokers: Matt Berres, Samer Khalil & Karick Brown from Newmark, John Ransom from Colliers
The involved brokers, Matt Berres, Samer Khalil, Karick Brown, and John Ransom, from Newmark and Colliers, played key roles in facilitating the sale of the retail property at 5200 E Main St in Farmington, NM. They were instrumental in ensuring a successful transaction for all parties involved.
Players
Farmington 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93