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111 E University Dr, Denton...

Unknown LLC Acquires Property At 111 E University Dr Denton With Seller's Rep David Zoller
SOLDRetail

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

David Zoller

Weitzman⁠

Broker

6 deals

Broker
UL
Unknown LLCBuyer

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