AEI Capital Acquires Retail Property In Belton From Stroud Companies
620 West US Highway 190 Service Road, Belton, TX, USA
Building Size
19,000 SF
Asset Type
Retail
Closing
Jan 12, 2021
AI
The retail property located at 620 West US Highway 190 Service Road in Belton has been sold. The property spans 19,000 square feet and was sold by Stroud Companies to AEI Capital.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 01/13/2021
- Address: 620 West US Highway 190 Service Road
- Market: Belton
- Seller: Stroud Companies
- Buyer: AEI Capital
- Brokers: Geoff Ficke, Zack Ficke, & Jack France - The Ficke Team - Colliers International
The Ficke Team, represented by Geoff Ficke, Zack Ficke, and Jack France from Colliers International, facilitated the transaction, acting as brokers for the buyer and seller.
Players
Belton 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93