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10677 E NW Hwy Dallas, TX 7...

Westwood Financial Acquires Northview Plaza Shopping Center In Dallas, Texas
SOLDRetail

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

Westwood Financial
Westwood FinancialBuyer

Texas Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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