Chang Inc. Acquires Retail Asset From AIGP Realty At 3895 Hacks Cross Road 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 in Memphis. This retail asset was sold for $1,625,000.00 and encompasses a total area of 7,000 square feet.
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 individuals and companies involved in this transaction include the buyer, Chang Inc., and the seller, AIGP Realty. The deal was facilitated by Alejandro Snyder, representing Current Real Estate Advisors, who acted as the broker for the transaction.
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