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3548 S Hills Ave Fort Worth...

LanCarte Commercial Brokers Leases Totaling 19.7K SF At The Westcliff Shopping Center, Fort Worth
LEASEDRetail

LanCarte Commercial Brokers Leases Totaling 19.7K SF At The Westcliff Shopping Center, Fort Worth

3548 S Hills Ave Fort Worth, TX 76109, USA

Building Size

19,745 SF

Asset Type

Retail

Closing

May 10, 2023

AI

LanCarte Commercial has brokered leases totaling 19,745 square feet at The Westcliff Shopping Center in Fort Worth. The new tenants include Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy, and Organized Nest.

Summary of transaction details

  • Property Type: Lease
  • Transaction Amount: N/A
  • Address: Fort Worth
  • Market: N/A
  • Tenant: Cowtown, Specialist Jewelry Clinic, Fort Worth Dance Academy, Organized Nest
  • Landlord's Representative: Ben Gehrke and Riley Dow (LanCarte Commercial)
  • Tenant's Representative: N/A

LanCarte's Ben Gehrke and Riley Dow represented the landlord, CTO Realty Growth Inc., in the negotiations.

Players

Ben Gehrke

LanCarte Commercial Real Estate

Broker

2 deals

Broker

Texas Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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