Dick’s Sporting Acquires Retail Space In Midland From Simon Properties
4511 N Midkiff Rd, Midland, TX 79705, USA
Building Size
10,000 SF
Asset Type
Retail
Closing
Aug 27, 2020
About this deal
AI
A retail property located at 4511 N Midkiff Rd Drive in Midland has been leased. The property, measuring 10,000 square feet, was leased by Dick’s Sporting, represented by Edward W Stack. The landlord in this transaction is Simon Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Dick’s Sporting – Edward W Stack
- Landlord: Simon Properties
- Square Footage: 10,000
- Market: Midland
Edward W Stack served as the representative for Dick's Sporting in this lease agreement.
Traded’s record for 4511 N Midkiff Rd, Midland, TX 79705, USA in Midland, Texas covers a retail lease from 2020. Published size for 4511 N Midkiff Rd, Midland, TX 79705, USA is 10,000 square feet. This page is the Midland, Texas file for the 4511 N Midkiff Rd, Midland, TX 79705, USA retail leased: pricing, party profiles, and other closed retail comps from the same Midland sit in the Market section below. Filter that Midland retail set by closing date to see what else leased near 4511 N Midkiff Rd, Midland, TX 79705, USA around 2020. Cite this Dick’s Sporting Acquires Retail Space In Midland From Simon Properties lease when underwriting similar retail product around Midland, Texas.
Players
Midland Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
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