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1501 University Drive East

David Luski Secures $178 Million Acquisition Loan For Retail Asset In Sunbelt, TX
FINANCEDRetail

David Luski Secures $178 Million Acquisition Loan For Retail Asset In Sunbelt, TX

1501 University Drive East

$178,000,000

$159/SF

Building Size

1,114,106 SF

Asset Type

Retail

Closing

Jun 9, 2026

AI

The property asset involved in the transaction is a retail space located at 1501 University Drive East in Sunbelt, TX. The asset comprises a total of 1,114,106 square feet and has been financed with a loan amount of $178,000,000, specifically for acquisition purposes.

Summary of transaction details:

This transaction involves key individuals including the lender Brian Moynihan and landlord David Luski, indicating the significant roles played by these parties in facilitating the loan agreement. The landlord's representatives from Newmark include a team of brokers working collaboratively to manage the deal effectively.

Players

Adam Doneger

Newmark

Broker

$50.5B

vol

192 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.1B

vol

265 deals

Broker
Newmark
NewmarkLender
David Luski

David Luski

Newmark

Landlord

$3.7B

vol

35 deals

Landlord

Market Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93