Manny Butera Acquires Retail Property In Waco, TX For $1.3M
SOLD
$1,305,000
Texas
See Similar DealsRetail34,848 SF
Sold
SOLD
Manny Butera Acquires Retail Property In Waco, TX For $1.3M
5901 West Waco Drive, Waco, TX 76710
See Similar DealsRetail34,848 SF
Sold
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:34848 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,636.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,186.37
Annual Debt Service$74,236.39
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