Gorjian Acquisitions Purchases Retail Asset At 4500-4550 Gus Thomasson Rd For $1.84M
Gus Thomasson Road
$1,840,000
$31/SF
Building Size
57,815 SF
Asset Type
Retail
Closing
May 28, 2025
About this deal
AI
The retail asset located at 4500-4550 Gus Thomasson Rd in Mesquite, TX encompasses a total square footage of 57,815 and has been sold for $1,840,000, translating to a price per square foot of $31.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,840,000
- Square Footage: 57,815
- Address: 4500-4550 Gus Thomasson Rd
- Market: Mesquite, TX
- Buyer: Jordan Gorjian, Adam Etessami, Ethan Kalaty, Isaac Nemat - Gorjian Acquisitions
- Seller: Lisa Lax
This transaction showcases the collaboration between Gorjian Acquisitions, represented by Jordan Gorjian, Adam Etessami, Ethan Kalaty, and Isaac Nemat, and the seller Lisa Lax. Notably, Gorjian Acquisitions has secured this leasehold interest via a creatively structured contract, demonstrating their strategic approach to aligning buyer and seller interests.
On the Map
$1,840,000
$31/SF
Retail
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Players
Mesquite 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
8.62%
Cash-on-Cash
-2.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93