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5901 West Waco Drive, Waco,...

Manny Butera Acquires Retail Property In Waco, TX For $1.3M
SOLDRetail

Manny Butera Acquires Retail Property In Waco, TX For $1.3M

5901 West Waco Drive, Waco, TX 76710

$1,305,000

$37/SF

Building Size

34,848 SF

Asset Type

Retail

Closing

Jan 27, 2022

AI

Located in Waco, TX, the retail property at 5901 W. Waco Drive has recently been sold for a price of $1,305,000. The transaction took place on January 27, 2022. The property spans a total area of 34,848 square feet, resulting in a price per square foot of $37.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,305,000
  • Address: 5901 W. Waco Drive
  • Market: Waco, TX

The sale was facilitated by Manny Butera, who acted as the buyer, and Chad Mestler, who served as the seller. Michael Florey, representing Cushman & Wakefield, acted as the buyer's representative in the deal.

Players

Michael Florey

Cushman & Wakefield

Broker

$16.2M

vol

4 deals

Broker

Manny Butera

Buyer

$3M

vol

2 deals

Buyer

Waco 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

12.16%

Cash-on-Cash

-3.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93