JMK5 Holdings LLC Acquires Retail Property In El Paso From T-Sunrise Village Ltd
8500 Dyer Street, El Paso, TX 79904, USA
Building Size
186,880 SF
Asset Type
Retail
Closing
Sep 27, 2021
AI
The retail property located at 8500 Dyer St in El Paso has been sold in a recent transaction. The property spans 15 acres and encompasses a total of 186,880 square feet. The sale took place on September 27, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8500 Dyer St, El Paso
- Market: El Paso
- Total Acres: 15
- Total Square Footage: 186,880
The buyer of the property is JMK5 Holdings LLC, represented by Jerome Karam. The seller is T-Sunrise Village Ltd. The deal was facilitated by the brokers David Luther, Kelley Workman, and Dakota Workman of NewQuest Properties.
Players
El Paso 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