Mark Hollin And Jane Smith Of XYZ Holdings Acquire Retail Property At 765 N Robinson Dr For $2.585M
SOLD
Texas
See Similar DealsRetail
Sold 03/22/2024
SOLD
Mark Hollin And Jane Smith Of XYZ Holdings Acquire Retail Property At 765 N Robinson Dr For $2.585M
765 N Robinson Dr
See Similar DealsRetail
Sold 03/22/2024
Summary
TEXAS
Asset Type:Retail
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,183.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,254.22
Annual Debt Service$147,050.63
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