Armond Aivazyan Of Surmount Represents Buyer In Retail Sale At 2163 North Pacific Street For $2.5M
SOLD
$2,500,000
Texas
See Similar DealsRetail3,704 SF
Sold 10/30/2025
SOLD
Armond Aivazyan Of Surmount Represents Buyer In Retail Sale At 2163 North Pacific Street For $2.5M
2163 North Pacific Street
See Similar DealsRetail3,704 SF
Sold 10/30/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$674
Total Square Footage:3,704 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 2163 North Pacific Street in the Mineola market. The sale transaction was completed for a total price of $2,500,000, covering a property area of 3,704 square feet, which equates to a price per square foot of $674.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 2163 North Pacific Street
- Market: Mineola
- Square Footage: 3,704
- Price Per Square Foot: $674
- Buyer's Representative: Armond Aivazyan - SURMOUNT
- Seller's Representatives: Chris Urban & Brendan Murphy - SURMOUNT
The transaction highlights the involvement of Surmount Realty through its representatives, with Armond Aivazyan acting on behalf of the buyer, while Chris Urban and Brendan Murphy represented the seller in this retail property deal.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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