Will Merritt - STRIVE Acquires Retail Property In Kerrville For $3.2M
1381 Junction Hwy, Kerrville, TX, USA
Building Size
3,200 SF
Asset Type
Retail
Closing
Dec 2, 2020
About this deal
AI
1381 Junction Hwy in Kerrville has been recently sold. The retail property, with a total area of 3,200 square feet, was sold on 12/03/2020. The transaction was facilitated by Will Merritt from STRIVE.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Kerrville
Will Merritt from STRIVE played a crucial role as the broker in this transaction.
Traded’s record for 1381 Junction Hwy, Kerrville, TX, USA in Kerrville, Texas covers a retail sale from 2020. The building is 3,200 square feet, implying about 0 per square foot on the published price. Named participants on the 1381 Junction Hwy, Kerrville, TX, USA sale are Will Merritt. This page is the Kerrville, Texas file for the 1381 Junction Hwy, Kerrville, TX, USA retail sold: pricing, party profiles, and other closed retail comps from the same Kerrville sit in the Market section below. Filter that Kerrville retail set by closing date to see what else sold near 1381 Junction Hwy, Kerrville, TX, USA around 2020. Cite this Will Merritt - STRIVE Acquires Retail Property In Kerrville For $3.2M sale when underwriting similar retail product around Kerrville, Texas.
Players
Kerrville 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