BH Properties Acquires Retail Property In Harlingen For $Undisclosed
2020 South Expressway 83, Harlingen, TX 78550, USA
Building Size
103,000 SF
Asset Type
Retail
Closing
Oct 14, 2021
About this deal
AI
The retail property located at 2020 S Expressway 83 in Harlingen has been sold in a recent transaction. The property spans an area of 103,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2020 S Expressway 83, Harlingen
- Market: Harlingen
- Asset Type: Retail
- SF: 103,000
BH Properties acquired the property in this transaction. Octavio Guajardo from API Real Estate represented the buyer in the deal, while Daniel Galvan from Coldwell Banker Commercial RGV acted as the seller's representative.
Players
Harlingen 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