Franklin Sapp Acquires Retail Property In Brownwood, TX
315 East Commerce Street
Building Size
—
Asset Type
Retail
Closing
Nov 29, 2023
About this deal
AI
The retail property located at 315 East Commerce Street in Brownwood, TX has been sold in a recent transaction. The property, which is situated in a prime location, was sold for an undisclosed price. The transaction took place on November 29, 2023, and involved the buyer, Franklin Sapp, and the seller, Warren Harkins.
Summary of transaction details:
The deal was facilitated by the brokers Evan Poole, Drew Boroughs, and Lee Cordova of Matthews Real Estate Investment Services. They represented both the buyer and the seller in this transaction, ensuring a smooth and successful deal.
On the Map
Retail
View full map
Players
Brownwood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Brownwood retail sales on Traded.
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