SOLD
Avison Young Acquires Retail Property In New Braunfels For $6.3M
27950 Countryside Drive
Retail
4,821 SF
4,821 SF
Sold 319 days ago
Summary
Sale
TEXAS
Retail
4,821 sqft
Avison Young has acquired a retail property located at 27950 Countryside Drive in New Braunfels, Texas. The property spans approximately 1.91 acres and features a total square footage of 4,821 square feet. The transaction was a sale, with the property being sold for a price of $6,300,000 at a price per square foot of $1,307. The seller of the property was Prudent Development.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,300,000
- Address: 27950 Countryside Drive
- Market: New Braunfels
- Acres: 1.91
- Square Footage: 4,821
- Price Per Square Foot: $1,307
The buyer's representative in the transaction was Mitch Stokes from Avison Young, while the seller's representative was Matthew Scow from Secure Net Lease. The property was purchased by a Southern California-based private investor in a 1031 exchange. Notably, the retail property is currently occupied by a 7-Eleven store and Laredo Taco restaurant, and it comes with a new long-term lease.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Matthew Scow & Mitch Stokes
DATE: 06/28/2023
ADDRESS: 27950 Countryside Drive
MARKET: New Braunfels
ASSET TYPE: Retail ~ ACRES: 1.91
SELLER: Prudent Development
BUYER'S REP: Mitch Stokes - Avison Young (@Avison_Young_Global)
SELLER'S REP: Matthew Scow - Secure Net Lease (@Secure_NetLease)
SALE PRICE: $6,300,000
SF: 4,821 ~ PPSF: $1,307
NOTE: Avison Young has acquired a retail property in New Braunfels, Texas, occupied by a 7-Eleven store and Laredo Taco restaurant. The property was purchased by a Southern California-based private investor in a 1031 exchange and features a new long-term lease.View on map
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Address27950 Countryside Drive
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