Philip Levy Of Marcus & Millichap Sells Retail Property In Crowley, Texas
1201 Farm to Market Road 1187, Crowley, TX, USA
Building Size
24,400 SF
Asset Type
Retail
Closing
Nov 30, 2021
About this deal
AI
Philip Levy of Marcus & Millichap facilitated the sale of a retail property in Crowley. The property, located at 1201 East FM 1187, spans approximately 24,400 square feet. The transaction was successfully completed on November 30, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 1201 East FM 1187, Crowley
- Market: Crowley
- Square Footage: 24,400 SF
Philip Levy, a representative from Marcus & Millichap, played a crucial role in securing the deal for the retail property in Crowley.
Players
Crowley 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