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3050 N Josey Ln, Carrollton...

Philip Levy Of Marcus & Millichap Facilitates Sale Of Woodlake Square Carrollton Retail Center
SOLD

Philip Levy Of Marcus & Millichap Facilitates Sale Of Woodlake Square Carrollton Retail Center

3050 N Josey Ln, Carrollton, TX, 75007

Building Size

80,774 SF

Asset Type

Closing

Nov 22, 2023

AI

Located in Carrollton, Texas, the property at 3050 N Josey Ln is known as Woodlake Square, a retail center spanning 80,774 square feet. Situated on 6.7 acres of land, this complex was originally built in 1979 and underwent renovations in 2019. Major tenants within the property include Harbor Freight Tools, LA Fitness, and Dollar Tree, with the center being 94 percent leased at the time of its recent sale.

Summary of transaction details:

  • Property Type: Retail Center
  • Transaction Amount: Not disclosed
  • Address: 3050 N Josey Ln, Carrollton, TX, 75007
  • Market: Carrollton
  • Seller's Representative: Philip Levy (Marcus & Millichap)
  • Buyer: Undisclosed 1031 Exchange Investor
  • Square Footage: 80,774

Philip Levy of Marcus & Millichap played a crucial role in the transaction involving the sale of Woodlake Square. Representing the seller, a limited liability company, Levy also facilitated the deal for the buyer, an undisclosed 1031 exchange investor. Both parties involved opted for anonymity, maintaining confidentiality throughout the negotiation process.

Players

Philip Levy

Marcus & Millichap

Broker

$34.7M

vol

43 deals

Broker
UI
Undisclosed 1031 Exchange InvestorBuyer

Carrollton CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93