Marcus & Millichap Sells Retail Property In Mansfield, Texas For $19.5M
26 E Debbie Ln, Mansfield, TX 76063, USA
Building Size
18,138 SF
Asset Type
Retail
Closing
Aug 5, 2020
About this deal
AI
The retail property located at 26 East Debbie Lane in Mansfield has been sold in a closed transaction. The property spans a total area of 18,138 square feet and is situated in a prime location. The deal was finalized on 08/06/2020 with a cap rate of 6.00/8.93%. The property boasts prominent tenants such as Mama’s Pizza, Beer & Wine World, Vintage Barber Shop, Debbie Donuts, Unique Threading Salon, and more.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: [VALUE]
- Address: 26 East Debbie Lane, Mansfield
- Market: Mansfield
- Brokers: Philip Levy & Chris Gainey – Marcus & Millichap
- Square Footage: 18,138
- Cap Rate: 6.00/8.93%
The sale of this retail property was facilitated by brokers Philip Levy and Chris Gainey from Marcus & Millichap. Their expertise and negotiation skills were instrumental in ensuring a successful transaction. With a diverse range of high-quality tenants, the property presents an attractive investment opportunity in the bustling Mansfield market.
Players
Mansfield 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