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
Waco Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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