Jake Bordelon Acquires Retail Property In Midland For $5.98M

Located at 3200 N Loop 250 W in Midland, this retail property spans over 8.4 acres. The transaction was a sale, which closed on 03/09/2022, with a sale price of $5,980,000. The property has a total square footage of 94,579, resulting in a price per square foot of $63. The capitalization rate for this transaction was 6.6%.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $5,980,000
• Address: 3200 N Loop 250 W, Midland
• Market: Midland
• Acres: 8.4
• Square Footage: 94,579
• Price per Square Foot: $63
• Capitalization Rate: 6.6%

The buyer's representative in this deal was Jake Bordelon from Marcus & Millichap. On the other hand, the seller's representatives were Britt Raymond and Kyle Fant from the National Net Lease Group of SRS Real Estate Partners.