REIT Acquires Retail Property In Odessa With Brokers Dave Knobler & Mixson Staffel
3151 E Business 20, Odessa, Texas 79761, United States
Units
411
Asset Type
Retail
Closing
Sep 22, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 3151 E. Business Loop 20 in Odessa. The property consists of 411 units and spans across 3.2 acres. The transaction took place on 09/23/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3151 E. Business Loop 20
- Market: Odessa
- Number of Units: 411
- Acres: 3.2
The buyer in this transaction is a REIT. The brokers involved in the deal are Dave Knobler and Mixson Staffel, representing Marcus & Millichap.
On the Map
Retail
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Players
Odessa 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