Lee & Associates Acquires Medical Office In Grapevine For 3,855 SF
2355 East Grapevine Mills Circle, Grapevine, TX 76051, USA
Building Size
3,855 SF
Asset Type
Office
Closing
Nov 4, 2021
AI
A medical office property located at 2355 E. Grapevine Mills Circle in Grapevine has been sold. The property, situated on 0.5 acres of land, spans 3,855 square feet. The transaction took place on November 4, 2021.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not specified
- Market: Grapevine
- Address: 2355 E. Grapevine Mills Circle
- Acres: 0.5
- Square Feet: 3,855
Giovanni Scardino from Weitzman, Rick Scardino, Chris Jacobson, and Susan Wilson from Lee & Associates, and Robert Eckstein and Josh Mann from NAI Robert Lynn were the brokers involved in this transaction.
Players
Grapevine Office Market Snapshot
Boundary boundary · Office · 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