American National Bank & Trust Provides $14.2M Acquisition Loan For Retail Property In Shenandoah, TX
17937 I-45 South Shenandoah, TX 77385, USA
$14,200,000
Building Size
—
Asset Type
Retail
Closing
Jun 2, 2022
About this deal
AI
The retail property located at 17937 I-45 S. in Shenandoah, TX has been involved in a closed transaction. The property is part of the Sam Moon Center and spans an undisclosed amount of square footage. The deal took place on 06/03/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,200,000
- Market: Shenandoah, TX
Fordham Properties LLC served as the landlord in this transaction, while American National Bank & Trust provided the loan. The loan amount for the acquisition was $14,200,000. Acting as brokers for the deal were David Oheb and Max Jacobson from the Meridian Capital Group. For more information on how Meridian can add value to your portfolio, please reach out to David Oheb at 212-612-0193 or via email at [email protected].
Players
Shenandoah Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93