Club Burn Leases 1,710 SF Fitness Center At Preston Forest Square In Dallas
11909 Preston Road
Building Size
1,710 SF
Asset Type
Retail
Closing
Jul 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 11909 Preston Road, Dallas. This asset has a total square footage of 1,710, making it suitable for retail operations in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 11909 Preston Road, Dallas
- Landlord: Preston Forest Square, L.P.
- Tenant: Tangela Patrizi - Club Burn
- Broker: Adam Farber - Younger Partners
- Market: Dallas
- Submarket: Preston Hollow
- Deal Signed: July 2024
- Planned Opening: April 2025
- Fitness Center Concept: Utilizes infrared and vacuum technology
Adam Farber from Younger Partners represents the landlord in this transaction. Club Burn, the tenant, is set to open a fitness center at the location within a high-traffic retail hub, emphasizing the strategic positioning of the new outlet in Dallas' Preston Hollow submarket.
Players
Dallas Retail Market Snapshot
Boundary boundary · Retail · Lease 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