Cleeman Realty Group Acquires Retail Property In Brookshire For $3.04M
501 East Broadway Street, Sweetwater, Texas 79556, United States
$3,042,000
$76/SF
Building Size
39,692 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
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.
Players
Sweetwater 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
5.21%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93