Marcus & Millichap Facilitates Sale Of Retail Property In Saginaw, TX
1620 Basswood Boulevard, Saginaw, TX 76131, USA
Building Size
8,888 SF
Asset Type
Retail
Closing
Dec 8, 2021
About this deal
AI
Located at 1620 Basswood Blvd in Saginaw, TX, this retail property spanning approximately 8,888 square feet was recently sold. The sale took place on December 8, 2021, and was facilitated by Chris Gainey and Philip Levy from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 1620 Basswood Blvd, Saginaw, TX
- Market: Saginaw, TX
- Square Footage: 8,888
Chris Gainey and Philip Levy, representing Marcus & Millichap, played pivotal roles in this transaction as brokers. They facilitated the successful sale of this retail property.
On the Map
Retail
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Players
Saginaw 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