Westwood Financial Acquires Northview Plaza Shopping Center In Dallas, Texas
10677 E NW Hwy Dallas, TX 75238, USA
Building Size
120,000 SF
Asset Type
Retail
Closing
Jul 31, 2023
AI
The 120,000-square-foot Northview Plaza, located at 10677 East Northwest Highway in Dallas, Texas, has been acquired by Westwood Financial. This off-market transaction was completed through the leveraging of strong industry relationships by Westwood Financial, a leading commercial retail real estate investment firm. The shopping center, strategically anchored by Kroger, aligns perfectly with Westwood Financial's investment strategy, providing leasing opportunities and potential revenue enhancement.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Dallas
- Square Footage: 120,000 sf
- Buyer: Westwood Financial - Mark Bratt
Westwood Financial, known for their expertise in commercial retail real estate, successfully acquired Northview Plaza in Dallas. Their strong industry relationships allowed them to complete this off-market transaction seamlessly. By strategically aligning themselves with a shopping center anchored by Kroger, Westwood Financial is positioning themselves for potential revenue growth and leasing opportunities.
Players
Texas 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