Hudson Lambert Of STRIVE Represents Local Developer Partnership In Sale Of Retail Center In Mansfield
3030 East Broad Street
Building Size
17,112 SF
Asset Type
Retail
Closing
Jan 29, 2025
About this deal
AI
The asset involved in this transaction is a retail center located at 3030 East Broad Street in Mansfield. The property encompasses a total area of 17,112 square feet and is fully leased.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 17,112
- Address: 3030 East Broad Street
- Market: Mansfield
- Broker: Hudson Lambert - STRIVE
The deal was brokered by Hudson Lambert of STRIVE, who represented the seller, a local developer partnership. Furthermore, Hudson Lambert was responsible for sourcing the buyer, based in Nebraska.
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