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5629 Texoma Pkwy, Sherman, ...

Bemisal Enterprises Acquires 25000 SF Property At 5629 Texoma Pkwy In Sherman With Matt Thompson As Buyer's Rep
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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

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.

Players

Phil Rosenfeld

Lee & Associates

Broker

4 deals

Broker

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