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Gus Thomasson Road

Gorjian Acquisitions Purchases Retail Asset At 4500-4550 Gus Thomasson Rd For $1.84M
SOLDRetail

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

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.

Players

GA
Gorjian AcquisitionsBuyer

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