SOLD
Jake Bordelon Acquires Retail Property In Midland For $5.98M
3200 North Loop 250 West
Retail
94,579 SF
94,579 SF
Sold 1 year ago
Summary
Sale
TEXAS
Retail
94,579 sqft
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.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Jake Bordelon, Britt Raymond & Kyle Fant
DATE: 03/09/2022
ADDRESS: 3200 N Loop 250 W
MARKET: Midland
ASSET TYPE: Retail ~ ACRES: 8.4
BUYER'S REP: Jake Bordelon - Marcus & Millichap
SELLER'S REP: Britt Raymond & Kyle Fant - National Net Lease Group - SRS Real Estate Partners
SALE PRICE: $5,980,000
SF: 94,579 ~ PPSF: $63
CAP RATE: 6.6%View on map
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Address3200 North Loop 250 West
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