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8810 Woodway Dr, Woodway, T...

Tim Axilrod Of SHOP Companies Sells Woodway Retail Center Near H-E-B Grocer
SOLDRetail

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

Tim Axilrod

SHOP Companies

Broker

9 deals

Broker

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