NewQuest Properties Brokers Off-Market Sale Of Center West Shopping Center In Waco, Texas
4700 West Waco Drive
Building Size
30,400 SF
Asset Type
Retail
Closing
Oct 30, 2023
AI
The Center West shopping center in Waco, Texas has been sold in an off-market transaction. The retail property, located at 4700 West Waco Drive, spans an area of 30,400 square feet. The specific details of the sale, including the buyer and seller's names, were not disclosed.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 30,400
- Address: 4700 West Waco Drive
- Market: Waco
NewQuest Properties, represented by broker Dakota Workman, facilitated the sale of the Center West shopping center. The property boasts notable tenants such as RDA Pro-Mart and DreamMaker Bath & Kitchen.
Waco 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