Bemisal Enterprises Acquires 25000 SF Property At 5629 Texoma Pkwy In Sherman With Matt Thompson As Buyer's Rep
5629 Texoma Pkwy, Sherman, TX, 750...
Building Size
25,000 SF
Asset Type
Retail
Closing
Jan 10, 2020
About this deal
AI
A retail center located at 5629 Texoma Parkway in Sherman, Texas has been sold. The property spans 25,000 square feet and is situated in the Sherman market. Its previous tenants included Allstate, Chef Angel, TTS E-Cig & Vape, and Mac’s Tax & Bookkeeping Service as of October 2018.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Undisclosed
- Address: 5629 Texoma Pkwy, Sherman, TX
- Square Footage: 25,000 SF
- Buyer: Bemisal Enterprises
- Buyer's Representative: Matt Thompson (Lee & Associates)
- Seller: Sangha Enterprises LLC
- Market: Sherman
Matt Thompson and Phil Rosenfeld from Lee & Associates Dallas/Fort Worth facilitated the transaction representing the buyer, Bemisal Enterprises, during this sale of the retail center.
On the Map
Retail
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Players
Sherman 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