Rafinia Property Group & Private Investment Group Acquire Retail Property In Pampa, Texas For $7.6M
SOLD
$7,600,000
Texas
See Similar DealsRetail230,000 SF
Sold 11/24/2021
SOLD
Rafinia Property Group & Private Investment Group Acquire Retail Property In Pampa, Texas For $7.6M
2545 Perryton Parkway, Pampa, TX 79065, USA
See Similar DealsRetail230,000 SF
Sold 11/24/2021
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$33
Total Square Footage:230,000 SF
Transaction Type:Sale
Rafinia Property Group, LLC and Private Investment Group have acquired a retail property located at 2545 Perryton Parkway in Pampa, Texas. The property, known as The Shops at Cornerstone, was sold by The Shops at Cornerstone, LLC. The transaction took place on November 24, 2021.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 2545 Perryton Parkway, Pampa, Texas
- Market: Pampa, Texas
- Square Footage: 230,000
- Price per Square Foot: $33
The buyer's representatives in this deal were Evan Rafinia from Rafinia Property Group and Addison Williams from CBRE. Rafinia Property Group, LLC is actively seeking high cap rate, multi-tenant, income-producing retail assets across the United States.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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