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108 West Harwood Road, Hurs...

Falcon Ridge Properties Acquires Retail Property In Hurst From Crowley Kwik Kar
SOLDRetail

Falcon Ridge Properties Acquires Retail Property In Hurst From Crowley Kwik Kar

108 West Harwood Road, Hurst, Texas 76054, United States

Building Size

3,696 SF

Asset Type

Retail

Closing

May 1, 2022

AI

Located at 108 W. Harwood Rd. in Hurst, this retail property has been sold in a recent transaction. The property spans approximately 3,696 square feet and sits on a 0.4-acre lot. The sale took place on 05/02/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 108 W. Harwood Rd.
  • Market: Hurst
  • Square Footage: 3,696 SF
  • Acres: 0.4

The buyer of this property is Falcon Ridge Properties LLC, while the seller is Crowley Kwik Kar LLC. Acting as the buyer's representative is Shane Benner from Bradford Commercial Real Estate Services. On the seller's side, Matthew Mousavi and Patrick Luther from SRS National Net Lease Group facilitated the transaction.

Players

Patrick Luther

SRS Real Estate Partners

Broker

$949.3M

vol

62 deals

Broker

Hurst 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