Coldwell Banker Acquires Retail Property In Burleson For $1.125M With Seller's Rep Nick Miller, Britton Lankford & Buyer's Rep Jordan Wood
264 SE John Jones Dr, Burleson, TX 76028, USA
Building Size
66,670 SF
Asset Type
Retail
Closing
Aug 26, 2020
About this deal
AI
The retail property located at 264 SouthEast John Jones Drive in Burleson has been sold. The property spans a total area of 6,667 square feet. The transaction took place on August 27, 2020.
Summary of transaction details
- Property Type: Retail
- Sale Amount: Not specified
- Address: 264 SouthEast John Jones Drive, Burleson
- Market: Burleson
Bright Realty acted as the seller in this transaction. The seller was represented by Nick Miller and Britton Lankford from Bright Realty. On the buyer's side, Jordan Wood from Coldwell Banker represented the buyer.
On the Map
Retail
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Players
Burleson 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