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
About this deal
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.
On the Map
$1,305,000
$37/SF
Retail
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Players
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