Tim Axilrod Of SHOP Companies Sells Woodway Retail Center Near H-E-B Grocer
8810 Woodway Dr, Woodway, TX, 76712
Building Size
36,864 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The Crossroads West Shopping Center, a 36,864-square-foot retail center located at 8810 Woodway Dr, Woodway, TX, 76712, was recently sold in a transaction negotiated by Dallas-based brokerage firm SHOP Cos. The property, situated in Woodway, a suburb of Waco, is positioned next to an H-E-B grocery store and was about 97 percent leased at the time of sale.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Address: 8810 Woodway Dr, Woodway, TX, 76712
- Market: Woodway
- Seller's Rep: Tim Axilrod (SHOP Companies)
- Buyer: Undisclosed
- SF: 36864
Tim Axilrod, representing SHOP Cos., acted as the seller's representative in the sale of the Crossroads West Shopping Center, on behalf of a Texas-based limited liability company. The buyer of the property, as well as the exact sales price, were not disclosed as part of the transaction.
Players
Woodway 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