Continental Realty Acquires Lubbock Retail Property For $18.2M
SOLD
$18,200,000
Texas
See Similar DealsRetail144,241 SF
Sold 07/08/2020
SOLD
Continental Realty Acquires Lubbock Retail Property For $18.2M
6802 Slide Road, Lubbock, TX, USA
See Similar DealsRetail144,241 SF
Sold 07/08/2020
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$126
Total Square Footage:144,241 SF
Transaction Type:Sale
The retail property located at 6802 Slide Rd in Lubbock has been sold in a recent transaction. The property, measuring 144,241 square feet and spanning across 12 acres, was part of the sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,200,000
- Seller: RCG Ventures, LLC - Michael McMillen, & DRA Advisors LLC - David Luski
- Buyer: Continental Realty - J.M. Schapiro
- Date: 07/08/2021
The sale was facilitated by two sellers, RCG Ventures, LLC represented by Michael McMillen and DRA Advisors LLC represented by David Luski. The buyer, Continental Realty, was represented by J.M. Schapiro. The transaction price for the property was $18,200,000.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
Is there something missing? Send suggestions