Chang Inc. Acquires Retail Property At 3895 Hacks Cross Road In Memphis For $1,625,000
3895 Hacks Cross Road
$1,625,000
$232/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Jul 9, 2019
About this deal
AI
The property asset involved in the transaction is located at 3895 Hacks Cross Road, Memphis, and is categorized as a retail asset. The sale price for the property was $1,625,000.00, with a total square footage of 7,000.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,625,000.00
- Address: 3895 Hacks Cross Road
- Market: Memphis
- Square Footage: 7,000.0
- Buyer: Chang Inc.
- Seller: AIGP Realty
- Broker: Alejandro Snyder (Current Real Estate Advisors)
The deal involved Chang Inc. as the buyer and AIGP Realty as the seller, with Alejandro Snyder representing Current Real Estate Advisors in the transaction, facilitating the deal between the two parties.
On the Map
$1,625,000
$232/SF
Retail
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Players
Memphis 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93