Armond Aivazyan & Glen Kunofsky Of NNN Pro Facilitate Sale Of Retail Property In Rockwall For $1.28M
SOLD
$1,280,000
Texas
See Similar DealsRetail2,585 SF
Sold 03/03/2025
SOLD
Armond Aivazyan & Glen Kunofsky Of NNN Pro Facilitate Sale Of Retail Property In Rockwall For $1.28M
102 West Kaufman Street
See Similar DealsRetail2,585 SF
Sold 03/03/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$495
Total Square Footage:2,585 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 102 West Kaufman Street in the Rockwall market. The space encompasses 2,585 square feet and was sold for a price of $1,280,000, equating to a price per square foot of $495.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,280,000
- Square Footage: 2,585 SF
- Price Per Square Foot: $495
- Address: 102 West Kaufman Street
- Market: Rockwall
- Brokers: Armond Aivazyan & Glen Kunofsky - NNN Pro
The deal featured the representation of the brokers Armond Aivazyan and Glen Kunofsky from NNN Pro, who played a key role in facilitating this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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