Bob Mills Furniture Acquires Mixed-Use Property In San Juan For $7.6 Million Represented By Stewart Skloss
801 West Interstate 2
$7,600,000
$139/SF
Building Size
54,608 SF
Asset Type
Mixed-use
Closing
Jul 10, 2025
About this deal
AI
A mixed-use property consisting of retail and industrial space was sold at 801 East Interstate 2 in San Juan, TX. Bob Mills Furniture acquired the building encompassing 54,608 square feet for a transaction amount of $7,600,000. The price per square foot for the property stands at $139.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,600,000
- Square Footage: 54,608
- Address: 801 East Interstate 2, San Juan, TX
- Market: San Juan
- Price Per Square Foot: $139
- Buyer: Bob Mills Furniture
- Broker: Stewart Skloss - Newmark
Stewart Skloss from Newmark represented Bob Mills Furniture in this transaction, facilitating the company's entry into the Rio Grande Valley market by opening its first store in the area. The identity of the seller remains undisclosed.
Players
San Juan Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93