Fidelis Realty Partners Acquires Retail Property In Odessa, TX From Brixmor Property Group
3801 East 42nd Street, Odessa, TX 79762
Building Size
365,559 SF
Asset Type
Retail
Closing
Jul 13, 2020
About this deal
AI
The retail property located at 3801 E 42nd St in Odessa has been sold in a recent transaction. The property spans 365,559 square feet and is situated on 40.4 acres of land. The sale took place on July 13, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3801 E 42nd St
- Market: Odessa
- Square Footage: 365,559
- Acres: 40.4
The seller of the property was Brixmor Property Group, while the buyer was Fidelis Realty Partners. The deal was facilitated by the brokers Chris Gerard, Ryan Shore, and Barry Brown from JLL.
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