Northmarq Facilitates $5.25M Acquisition Loan For Retail Property In Kyle, TX
4460 South Fm 1626, Kyle, Texas 78640, United States
$5,250,000
$263/SF
Building Size
19,899 SF
Asset Type
Retail
Closing
Nov 2, 2022
About this deal
AI
Located in Kyle, TX, the retail property at 4460 FM 1626 has recently undergone a closed transaction. With a total square footage of 19,899, the property stands as a notable asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
- Address: 4460 FM 1626, Kyle, TX
- Market: Kyle, TX
- BROKER: Ory Schwartz - Northmarq
Ory Schwartz from Northmarq played a key role in brokering this closed transaction. The acquisition loan secured for this property amounts to $5,250,000. The loan is a permanenent-fixed loan with a fully amortizing 25-year term.
Players
Kyle 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93