Unknown LLC Acquires Property At 111 E University Dr Denton With Seller's Rep David Zoller
111 E University Dr, Denton, TX, 76201
Building Size
13,562 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
A 13,562-square-foot retail strip center located at 111 E University Dr, Denton, TX, 76201 was sold. The property is situated on 1.1 acres in the Denton market and contains tenants such as The UPS Store, Taqueria Monterrey, and Sangam Indian Restaurant. The sale was conducted by a local investor to an anonymous California-based limited liability company.
Summary of transaction details:
- Property Type: Retail Strip Center
- Transaction Amount: Undisclosed
- Square Footage: 13,562
- Address: 111 E University Dr, Denton, TX, 76201
- Market: Denton
- Seller's Representative: David Zoller - Weitzman
- Buyer: Unknown LLC
David Zoller of Weitzman represented the seller in this transaction, facilitating the deal between the local investor and the buyer, a California-based limited liability company. Both parties involved in the transaction have chosen to remain anonymous.
Players
Denton 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