Updated Oct 29, 2024
QuikTrip Acquires Development Site In Grand Prairie From Yates Group With Brokers Chris Young & John Thrash - Range Realty Advisors
4005 S Belt Line Rd Grand Prairie, TX 75052, USA
Building Size
—
Asset Type
Development Site
Closing
Jun 2, 2023
About this deal
AI
A development site located at 4005 South Belt Line Road in Grand Prairie has been sold in a recent transaction. The property was purchased by QuikTrip from the Yates Group. The deal was facilitated by brokers Chris Young and John Thrash from Range Realty Advisors.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 4005 South Belt Line Road, Grand Prairie
- Buyer: QuikTrip
- Seller: Yates Group
- Brokers: Chris Young & John Thrash - Range Realty Advisors
This transaction highlights the involvement of QuikTrip as the buyer and the Yates Group as the seller. Both parties successfully completed the sale of the development site. Brokers Chris Young and John Thrash represented their respective clients, facilitating the smooth completion of the deal.
On the Map
Development Site
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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