Sterling Organization Secures $32M Loan For Retail Property In Colleyville
5605 Colleyville Boulevard, Colleyville, TX 76034
$32,000,000
$129/SF
Building Size
246,327 SF
Asset Type
Retail
Closing
Apr 19, 2021
About this deal
AI
Located at 5605 Colleyville Blvd, this retail property in Colleyville was recently involved in a closed transaction. The asset spans over 246,327 square feet, offering ample space for retail operations. The property is owned by Sterling Organization, represented by Brian Kosoy.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $32,000,000
- Loan Terms: three-year initial term, with two one-year extension options
The deal was facilitated by the CBRE Capital Markets team, comprising Shaun Moothart, Dana Summers, Scott Lewis, and Frank Piasta. These brokers worked alongside the buyer and seller to ensure a successful transaction.
With this loan, the involved parties secured a substantial amount of $32,000,000. The loan terms include a three-year initial term, with two one-year extension options, providing flexibility and stability for the borrower.
On the Map
$32,000,000
$129/SF
Retail
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Players
Colleyville 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93