DFW Texas Group Investments Acquires Retail Property In Southlake
1000 East State Highway 114, Southlake, TX, USA
Building Size
4,830 SF
Asset Type
Retail
Closing
Nov 4, 2021
About this deal
AI
DFW Texas Group Investments has recently acquired a retail property located at 1000 E. State Highway 114 in Southlake. The transaction took place on November 4, 2021, and the property was sold for an undisclosed amount.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Date: November 4, 2021
- Address: 1000 E. State Highway 114, Southlake
The buyer, DFW Texas Group Investments, successfully closed the deal with the assistance of Andy Anderson from Restaurant Properties Group and Jenna Gilbert from CBRE. Both brokers played a vital role in representing their respective parties and facilitating the transaction.
Players
Southlake Retail Market Snapshot
Boundary boundary · Retail · 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