NetCo Investments Inc Acquires Retail Property In Lubbock
7006 University Avenue, Lubbock, Texas 79413, United States
Building Size
37,500 SF
Asset Type
Retail
Closing
Aug 14, 2022
About this deal
AI
A retail property located at 7006 University Ave in Lubbock has been sold in a recent transaction. The property spans over 37,500 square feet and sits on approximately 4.9 acres. The sale took place on August 15, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 7006 University Ave, Lubbock
- Market: Lubbock
- Square Footage: 37,500 SF
- Acres: 4.9
The buyer of the property is NetCo Investments Inc. Representing the buyer in this transaction is Richard Mireles from Independence Commercial Advisors.
Players
Lubbock Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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