Continental Realty Acquires Lubbock Retail Property For $18.2M
6802 Slide Road, Lubbock, TX, USA
$18,200,000
$126/SF
Building Size
144,241 SF
Asset Type
Retail
Closing
Jul 8, 2020
About this deal
AI
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.
On the Map
$18,200,000
$126/SF
Retail
View full map
Players
Lubbock Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit JM Schapiro to view all their deals.
Browse Texas retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93