facebook
Traded Co logo
Submit

Alexander Szikla Acquires Retail Property In Andrews With Marcus & Millichap's Representation

Property Image
SOLD

Texas

See Similar Deals
Retail24,452 SF
Sold 06/12/2024
the dealplayerscompscontact
Property Image
SOLD

Alexander Szikla Acquires Retail Property In Andrews With Marcus & Millichap's Representation

310 West Broadway Street

See Similar Deals
Retail24,452 SF
Sold 06/12/2024
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:24,452 SF
Transaction Type:Sale

The property at 310 West Broadway Street in Andrews, Texas, is a retail asset spanning 24,452 square feet. This property was recently sold in a transaction that involved only fuel sales, achieving a 22% C-on-C return for the investor. The buyer, Alexander Szikla, acquired the property for an undisclosed amount in an all-cash deal. The market where the property is located is Andrews, and the transaction was facilitated by brokers Sai Thakor and Wyatt Andreu of Marcus & Millichap.

Summary of transaction details:

The transaction at 310 W Broadway Street attracted significant interest, with 12 offers received within the two weeks it was on the market. Ultimately, an investor from New York, seeking a profitable venture with minimal management, successfully closed the deal. Sai Thakor and Wyatt Andreu of The Luna Thakor Group played pivotal roles in representing both the seller and the buyer, ensuring a smooth and successful transaction.

Players

Sai Thakor
25 deals$80.6M volume(832) 689-5400
BROKER

Wyatt Andreu
CBRE
5 deals$6.6M volume(832) 472-7821
BROKER

Details

SOLD
IMAGE: Sai Thakor & Wyatt Andreu DATE: 06/12/2024 ADDRESS: 310 West Broadway Street MARKET: Andrews ASSET TYPE: Retail ~ SF: 24,452 BUYER: Alexander Szikla (@Rocksonadvisory) BROKERS: Sai Thakor (@SaiThakor) & Wyatt Andreu (@WyattAndreu) - Marcus & Millichap (@MarcusMillichapinc) NOTE FROM BROKER: Marcus & Millichap is pleased to announce the closing of 310 W Broadway Street, located in Andrews, Texas. The property received 12 offers while being on market for two weeks. The property was acquired by an investor from New York looking to make a lucrative return with minimal management. Wyatt Andreu & Sai Thakor of The Luna Thakor Group represented both seller & buyer in this transaction. Deal Highlights: - Only Fuel Sales - 22% C-on-C return - Out of State all Cash Investor

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00