Mark Hollin And Jane Smith Of XYZ Holdings Acquire Retail Property At 765 N Robinson Dr For $2.585M
765 N Robinson Dr
$2,585,000
Building Size
—
Asset Type
Retail
Closing
Mar 22, 2024
AI
The property asset involved in the transaction is a retail space situated at 765 N Robinson Dr in the Robinson market. The asset was sold for a total price of $2,585,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,585,000.00
- Buyer: Mark Hollin and Jane Smith of XYZ Holdings
- Seller: Robert Buchalter and Mark Johnson of Greenfield Investments
- Brokers: Jeffrey Estrada and Neema Ahadian of Marcus & Millichap
The transaction involved notable individuals and companies, with the buyer being connected to XYZ Holdings, while the seller is associated with Greenfield Investments. The brokerage firm handling the deal was Marcus & Millichap, represented by Jeffrey Estrada and Neema Ahadian.
Players
Robinson 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
6.14%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93