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
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
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