Walter Morris Purchases Retail Property At 101 Lincoln Street From Jhonny Mercado For $2.09M

The property asset involved in this transaction is a retail space located at 101 Lincoln Street in Pecos. The sale price was $2,090,000, and the space has an area of 2,555 square feet, resulting in a price per square foot of $818. The property has a cap rate of 5.50%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,090,000
• Address: 101 Lincoln Street
• Market: Pecos
• Square Footage: 2,555
• Price Per Square Foot: $818
• Cap Rate: 5.50%
• Buyer: Walter Morris
• Seller: Jhonny Mercado
• Brokers: Ronnie Issenberg, Gabriel Britti, Ricardo Esteves & Kevin Foo - Marcus & Millichap

The key individuals involved in this deal include buyer Walter Morris and seller Jhonny Mercado. The transaction was facilitated by brokers Ronnie Issenberg, Gabriel Britti, Ricardo Esteves, and Kevin Foo, who represent Marcus & Millichap in the deal.