NetCo Investments Inc. Sells Retail Property In Lubbock For $1M - Evan Altemus From Stan Johnson Company Represents Seller
2625 50th Street, Lubbock, TX, USA
$1,000,000
$330/SF
Building Size
3,025 SF
Asset Type
Retail
Closing
Jan 6, 2021
AI
Located at 2625 50th Street in Lubbock, this retail property was recently sold for a price of $1,000,000. With a total of 3,025 square feet, this transaction resulted in a price per square foot of $331. The sale took place on January 7, 2021.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $1,000,000
- Square Feet: 3,025
- Price Per Square Foot: $331
- Seller: NetCo Investments Inc.
- Broker: Evan Altemus - Stan Johnson Company
- Market: Lubbock
Evan Altemus from Stan Johnson Company represented the seller, NetCo Investments Inc., in this deal. The successful sale of this retail property marks a significant transaction in Lubbock's real estate market.
Players
Lubbock 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93