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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

Property Image
SOLD
$6,500,000
Karick Brown
Samer Khalil
+ 1

New Mexico

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Retail
Sold 08/23/2022
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Property Image
SOLD

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

See Similar Deals
Retail
Sold 08/23/2022
Karick Brown
Samer Khalil
+ 1
Contact now

Summary

NEW MEXICO
Asset Type:Retail
Transaction Type:Sale

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
9 deals$206.7M volume
BROKER

Samer Khalil
Newmark
10 deals$210.6M volume
BROKER

Karick Brown
Newmark
6 deals$119.3M volume
BROKER

John Ransom
Colliers
1 deal$6.5M volume
BROKER

Details

SOLD
IMAGE: Matt Berres, Samer Khalil, Karick Brown & John Ransom DATE: 08/23/2022 ADDRESS: 5200 E Main St MARKET: Farmington, NM ASSET TYPE: Retail SELLER: Johnston Real Estate Farmington BROKERS: Matt Berres, Samer Khalil & Karick Brown - Newmark & John Ransom - Colliers SALE PRICE: $6,500,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79