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Marcus & Millichap Capital Corporation Arranges $12.675M Loan For Columbus Retail Asset
FINANCED
$12,675,000
Texas
See Similar DealsRetail315,276 SF
Financed 01/29/2026
FINANCED
Marcus & Millichap Capital Corporation Arranges $12.675M Loan For Columbus Retail Asset
Retail315,276 SF
Financed 01/29/2026
Summary
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:315,276 SF
Transaction Type:Loan
A 315,276 square foot gas station and convenience store located at 4301 N Ih 10 Road in Columbus, Texas, was involved in a recent closed transaction. The property is categorized as retail and is situated in the Columbus market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $12,675,000
- Loan Terms: 10-year, 6.5% loan with 30-year amortization and 65% LTV
- Broker: Ron Balys - Marcus & Millichap Capital Corporation
Marcus & Millichap Capital Corporation arranged the financing for this investment-grade property, providing long-term, stable financing options. The loan structure includes a significant term length designed to assist in the property's financial planning.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,675,000.00
Monthly NOI$84,500.00
Monthly Debt Service$80,114.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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