NorthMarq's Drew Neems Represents Seller In Sale Of 54000 SF Retail Asset In Murphy TX
150 Fm 544
$5,600,000
$103/SF
Building Size
54,000 SF
Asset Type
Retail
Closing
Jul 25, 2024
AI
The property involved in this transaction is a retail asset located at 150 Fm 544 in Murphy, TX, encompassing a total square footage of 54,000. The asset type is categorized as retail, and the transaction date is recorded as July 24, 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 150 Fm 544
- Market: Murphy, TX
- Asset Size: 54,000 SF
- Seller's Representative: Drew Neems - NorthMarq
Drew Neems, representing NorthMarq, acted as the seller's representative in this transaction. The details of the buyer or other participants in the deal have not been disclosed.
Players
Plano 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93