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

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:

• Property Type: Retail
• Transaction Amount: Not Disclosed
• Buyer: Alexander Szikla
• Market: Andrews
• Brokers: Sai Thakor & Wyatt Andreu - Marcus & Millichap

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.