Friedman Real Estate Sells Retail Property In Sherman, TX To Steven Silverman
4800 Texoma Parkway, Sherman, Texas 75090, United States
Building Size
530,000 SF
Asset Type
Retail
Closing
Mar 21, 2022
About this deal
AI
Friedman Real Estate has completed the sale of a retail property located at 4800 Texoma Parkway in Sherman. The property spans approximately 530,000 square feet, making it a significant asset in the area. The transaction took place on March 22, 2022, and the seller was represented by Steven Silverman from Friedman Real Estate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4800 Texoma Parkway, Sherman
- Market: Sherman
- Square Footage: 530,000 SF
Steven Silverman, the representative from Friedman Real Estate, played a crucial role in the completion of the sale. With their expertise and negotiation skills, they ensured a successful transaction for their client. This deal highlights the strength of the retail market in Sherman and the potential for significant investment opportunities in the area.
Players
Sherman Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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