Corsair Property Co. Acquires Crossing At Pleasant Run Shopping Center In DeSoto, Texas
1001 N Interstate 35 E
Building Size
195,000 SF
Asset Type
Retail
Closing
Feb 2, 2024
About this deal
AI
Corsair Property Co., represented by Will Wilson, has acquired the Crossing at Pleasant Run shopping center in DeSoto, Texas. The retail property spans 195,000 square feet and is located at 1001 North IH-35E. The transaction took place in the Desoto market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Will Wilson - Corsair Property Co.
- Broker: Bryne & Co.
- Lender: North Dallas Bank & Trust Co.
Bryne & Co. facilitated the deal, connecting Corsair Property Co. with the seller of the Crossing at Pleasant Run shopping center. The financing details for the transaction were not disclosed.
On the Map
Retail
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Players
Desoto Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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