SRS Real Estate Partners Brokers $2.4M Sale Of 8,354 SF Retail Property In Alcoa, TN
1125 Franck St, Alcoa, Tennessee 37701, United States
$2,400,000
$287/SF
Building Size
8,354 SF
Asset Type
Retail
Closing
Aug 11, 2022
About this deal
AI
The retail property located at 1125 Franck St in Alcoa, TN has been sold. The property spans over 2.4 acres and encompasses a total of 8,354 square feet. The transaction was facilitated by brokers Morgan Creech and Sarah Shanks from SRS Real Estate Partners. The sale price for the property was $2,400,000, resulting in a price per square foot of $287.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 1125 Franck St, Alcoa, TN
- Market: Alcoa, TN
- Asset Type: Retail
- Acres: 2.4
The deal was successfully negotiated by Morgan Creech and Sarah Shanks, representing SRS Real Estate Partners. Their expertise in the retail market played a crucial role in facilitating the transaction. This sale showcases the strong demand for retail properties in Alcoa, TN and highlights the expertise of the involved brokers.
Players
Alcoa 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93