Zara Joshua, Inc. Acquires Retail Property In Springtown For $1.125M - Salim Bhaidani Marcus & Millichap
9098 Texas Highway 199
Building Size
5,129 SF
Asset Type
Retail
Closing
Sep 28, 2022
About this deal
AI
The retail property located at 9098 W. Hwy 199 in Springtown has been sold in a recent transaction. The property spans a total area of 5,129 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9098 W. Hwy 199, Springtown
- Market: Springtown
- Square Footage: 5,129
The buyer in this transaction is Zara Joshua, Inc. The seller is A M & H Enterprise, Inc. Representing the buyer and seller in this deal is Salim Bhaidani from Marcus & Millichap. The broker notes that the contract is expected to close within 45 days and the loan-to-value (LTV) ratio is 87%.
Players
Springtown 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