Beshoy Rafla Acquires Retail Property In Abilene, TX For $560,000
3442 N 1st St Abilene, TX 79603, USA
$560,000
$37/SF
Building Size
15,034 SF
Asset Type
Retail
Closing
May 5, 2023
About this deal
AI
A retail property located at 3442 North 1st Street in Abilene, TX has been sold for a price of $560,000. The property spans 15,034 square feet, resulting in a price per square foot of $37.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $560,000
- Address: 3442 North 1st Street, Abilene, TX
- Market: Abilene, TX
- Seller: Shaunna Harkins
- Buyer: Beshoy Rafla
- Brokers: Lee Cordova, Evan Poole & Drew Boroughs - Matthews Real Estate Investment Services
- Square Footage: 15,034
- Price per Square Foot: $37
The transaction was facilitated by the brokerage team of Lee Cordova, Evan Poole, and Drew Boroughs from Matthews Real Estate Investment Services.
Players
Texas 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
28.33%
Cash-on-Cash
-8.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93