Marcus & Millichap Sells Mesquite Retail Property On N. Belt Line Road
2030 N Belt Line Rd, Mesquite, TX 75150, USA
Building Size
13,290 SF
Asset Type
Retail
Closing
Oct 26, 2020
About this deal
AI
The property located at 2030 N. Belt Line Road in Mesquite was recently sold in a closed transaction. The retail asset spans a total of 13,290 square feet and was 84 percent leased at the time of the sale. Some of the tenants occupying the property include Subway and metroPCS.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Mesquite
- Square Footage: 13,290
The sale of this property was facilitated by Philip Levy of Marcus & Millichap. As the broker representing the deal, Philip Levy played a crucial role in ensuring the successful completion of the transaction.
Players
Mesquite 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