NetCo Investments Inc. Sells Retail Property In Lubbock For $1M - Evan Altemus From Stan Johnson Company Represents Seller
SOLD
$1,000,000
Texas
See Similar DealsRetail3,025 SF
Sold 01/07/2021
SOLD
NetCo Investments Inc. Sells Retail Property In Lubbock For $1M - Evan Altemus From Stan Johnson Company Represents Seller
2625 50th Street, Lubbock, TX, USA
See Similar DealsRetail3,025 SF
Sold 01/07/2021
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$330
Total Square Footage:3,025 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
Is there something missing? Send suggestions