NorthMarq's Drew Neems Represents Seller In Sale Of 54000 SF Retail Asset In Murphy TX
SOLD
$5,600,000
Texas
See Similar DealsRetail54,000 SF
Sold 07/25/2024
SOLD
NorthMarq's Drew Neems Represents Seller In Sale Of 54000 SF Retail Asset In Murphy TX
150 Fm 544
See Similar DealsRetail54,000 SF
Sold 07/25/2024
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$103
Total Square Footage:54,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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