Tim Speck & Daniel Hurd Acquires Retail Property In Freer, Texas For $8.1M
1033 East Riley Street, Freer, TX, USA
Building Size
8,125 SF
Asset Type
Retail
Closing
Dec 16, 2020
About this deal
AI
A retail property located at 1033 E. Riley Street in Freer has been sold in a recent transaction. The property spans 8,125 square feet and was sold on December 17, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 12/17/2020
- Address: 1033 E. Riley Street
- Market: Freer
- Square Footage: 8,125
The sale of the property was facilitated by Tim Speck and Daniel Hurd from Hurd Net Lease Group, who represented the parties involved in the transaction. They are affiliated with Marcus & Millichap.
On the Map
Retail
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Freer Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93