Cleeman Realty Group Acquires Retail Property In Brookshire For $3.04M
SOLD
$3,042,000
Texas
See Similar DealsRetail39,692 SF
Sold 09/16/2022
SOLD
Cleeman Realty Group Acquires Retail Property In Brookshire For $3.04M
501 East Broadway Street, Sweetwater, Texas 79556, United States
See Similar DealsRetail39,692 SF
Sold 09/16/2022
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$76
Total Square Footage:39,692 SF
Transaction Type:Sale
A retail property located at 501 E. Broadway Ave. in Brookshire has been sold for a price of $3,042,000. The property spans over 2.07 acres and has a total area of 39,692 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,042,000
- Address: 501 E. Broadway Ave.
- Market: Brookshire
- Size: 2.07 acres
- Total Area: 39,692 sq ft
The buyer's representative for this sale was Michael Cleeman & Sam Seelenfreund from Cleeman Realty Group, while the seller's representative was Caroline Binning from JLL.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,240.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,807.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,420.63
Annual Debt Service$173,047.58
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