Marcus & Millichap Sells 11,201-SF Retail Property In Lubbock, Texas
305 Frankford Ave Lubbock, TX 79416, USA
Building Size
11,201 SF
Asset Type
Retail
Closing
Jun 30, 2023
AI
Marcus & Millichap has sold Shadow Hills Shopping Center, an 11,201-square-foot retail property located at 305 Frankford Avenue in Lubbock, Texas. The property was listed by Philip Levy and Scott Abeel from Marcus & Millichap's Dallas office on behalf of a private investor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Market: Lubbock
- Square Footage: 11,201
- Brokers: Philip Levy & Scott Abeel - Marcus & Millichap
The sale of Shadow Hills Shopping Center in Lubbock, Texas was facilitated by Philip Levy and Scott Abeel from Marcus & Millichap's Dallas office. They represented a private investor in this transaction.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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