Marcus & Millichap Brokers Sale Of Retail Property In Brownsville, Cameron County For $7.3M
4531 S Padre Island Hwy, Brownsville, TX, USA
$7,332,246
$555/SF
Building Size
13,190 SF
Asset Type
Retail
Closing
May 31, 2020
AI
The retail property located at 4531 S. Padre Island Hwy in Brownsville, Cameron County has been sold for a total price of $7,332,246. The property spans 13,190 square feet, resulting in an average price per square foot of $555.89.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,332,246
- Address: 4531 S. Padre Island Hwy, Brownsville
- Market: Cameron County
The sale was facilitated by Marcus & Millichap, with Austin Weisenbeck, Sean R. Sharko, Matt Emerick, and Tim Speck representing the buyer and seller in the transaction.
Players
Brownsville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93