Equity Velocity Fund Acquires Medical Office In Amarillo From McCartt Commercial Real Estate Services
3501 South Soncy Road, Amarillo, TX 79119, USA
Building Size
145,096 SF
Asset Type
Office
Closing
Nov 16, 2020
About this deal
AI
The medical office located at 3501 S. Soncy Road in Amarillo has been sold. The property, with a total square footage of 145,096, was part of a closed transaction that took place on 11/17/2020.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Seller: McCartt Commercial Real Estate Services - Geoffrey Wright & Joe Bob McCartt
- Buyer: Equity Velocity Fund
- Brokers: Alex Vidal & Tim Speck - Marcus & Millichap
The sale of this medical office was facilitated by Alex Vidal & Tim Speck from Marcus & Millichap. The seller was represented by Geoffrey Wright & Joe Bob McCartt from McCartt Commercial Real Estate Services. The buyer in this transaction was Equity Velocity Fund.
Players
Amarillo Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93