Marcus & Millichap Sells Chase Bank Property In Garland Retail Corridor
561 W Interstate 30 Garland, TX 75043, USA
Building Size
—
Asset Type
Retail
Closing
Aug 1, 2023
AI
A Chase Bank property located at 561 W Interstate 30 in Garland, Texas has been sold, according to Marcus & Millichap. The property is situated in a thriving retail corridor and attracted multiple offers. The transaction was successfully closed through Marcus & Millichap's platform.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 561 W Interstate 30, Garland, Texas
- Market: Garland
Ryan Wolf, Vincent Knipp, and David O'Keefe from Marcus & Millichap represented the parties involved in this deal.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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