First Street Interests LLC Acquires Retail Property In Lufkin, TX From ARD Lufkin LLC | 103 North Brentwood Drive | Kirk Searcy | Retail | Sale

Summary

Sale

TEXAS

Retail

18,750 sqft

A retail property located at 103 N Brentwood Dr in Lufkin, TX has been sold. The property spans 18,750 square feet and was recently purchased by First Street Interests LLC from ARD Lufkin LLC.

Summary of transaction details

Property Type: Retail
Transaction Amount: Not specified
Address: 103 N Brentwood Dr, Lufkin, TX
Market: Lufkin, TX
Square Footage: 18,750 SF

Kirk Searcy, a representative from Colliers, brokered the deal. The property is fully stabilized and is situated in close proximity to Walmart and Sam's Club, providing a desirable location for retailers. The availability of this asset attracted several out-of-state investors, with multiple offers being generated shortly after its introduction to the market. Ultimately, the property was sold to a local buyer who demonstrated strong qualifications, offering an all-cash deal and a quick closing.

Players

All
2

Agents
1
Agencies
1

Kirk Searcy

Broker

Details

Deal Summary

SOLD

IMAGE: Kirk Searcy DATE: 12/14/2021 ADDRESS: 103 N Brentwood Dr MARKET: Lufkin, TX ASSET TYPE: Retail ~ SF: 18,750 BUYER: First Street Interests LLC SELLER: ARD Lufkin LLC BROKER: Kirk Searcy - Colliers NOTE FROM BROKER: Fully stabilized asset shadowed by Walmart and Sam's Club. Several offers were generated from out of state investors within hours of bringing to market and the deal was ultimately awarded to a local, qualified buyer who was able to step up to the deal with all cash and close quickly.

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Address103 North Brentwood Drive

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