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5200 East Main Street, Farm...

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
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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

Matt Berres

Newmark

Broker

$206.7M

vol

9 deals

Broker

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