SOLDRetail
Daniel Lee Purchases Retail Property From David Brewer Via Gunnar Edlund - Trinity REIS
55 North Woodlawn Drive
Building Size
2,674 SF
Asset Type
Retail
Closing
Jun 5, 2024
AI
The property at 55 North Woodlawn Drive in Alice has been sold in a recent transaction. The retail asset spans 2,674 square feet in size, and it was purchased by Daniel Lee from the seller, David Brewer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 55 North Woodlawn Drive
- Market: Alice
- Buyer: Daniel Lee
- Seller: David Brewer
- Broker: Gunnar Edlund - Trinity REIS
Gunnar Edlund of Trinity REIS represented the parties involved in this property transaction, facilitating the deal between buyer Daniel Lee and seller David Brewer.
Players
Alice 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