TITLE:
Sherwood Oaks Shopping Center
CONTROL:
Owner
VALUE:
$5,850,000
LOAN:
$3,950,000
EQUITY:
$1,900,000
TYPE:
Retail/Commercial
HAVE:
23,600 sqft retail center in San Angelo, TX. 100% occupied, long term tenants and slightly below market rent, all NNN. New roof, exterior paint. Upside as leases roll over and potential out parcel development.
ADDRESS:
4509 Sherwood Way, San Angelo, Texas
BENEFITS TO NEW OWNER:
Stable, cash flow, local management and leasing
GROSS SCHEDULED INCOME:
$557,280 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$557,280
EXPENSES:
$130,144
NOI:
$427,136
DEBT SERVICE:
$303,601
CASH FLOW:
$123,535
CAP RATE:
7.30%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$3,950,000
$25,305
5%
05/31/2027
No
BENEFITS SOUGHT:
Dissolve partnership
CAN ADD:
Expertise
COUNSELOR:
Brandon Sanders
Steve Eustis Co.
1207 S Bryant, Ste A
San Angelo, , 76903
Phone: 3256531489
