Powell Real Estate Acquires Retail Property In Mesquite For $Undisclosed Amount
2171 N Belt Line Rd #2151, Mesquite
Building Size
6,238 SF
Asset Type
Retail
Closing
Aug 23, 2020
About this deal
AI
A retail property located at 2151 & 2171 North Beltline Road in Mesquite has been sold. The transaction took place on 08/24/2020.
Summary of transaction details:
- Property Type: Retail
- Square Footage: 6,238
- Buyer: Powell Real Estate
- Brokers: Eric Deuillet, John Hiller, & Court Powell - Structure Commercial
Powell Real Estate acquired the retail property, which spans 6,238 square feet, located at 2151 & 2171 North Beltline Road in Mesquite. The deal was facilitated by brokers Eric Deuillet, John Hiller, and Court Powell from Structure Commercial.
On the Map
Retail
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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