Younger Partners Investments Acquires Retail Property In Prosper, TX From MQ Development Company
1145 North Preston Road, Prosper, Texas 75078, United States
Building Size
85,948 SF
Asset Type
Retail
Closing
Jan 23, 2022
About this deal
AI
Younger Partners Investments, a real estate investment firm, has acquired a retail property located at 1145-1160 N. Preston Rd in Prosper, TX. The property, spanning approximately 85,948 square feet, was sold by MQ Development Company. The transaction was facilitated by brokers Adam Howells and Zach Riebe from JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Date: 01/20/2022
- Market: Prosper, TX
The retail property on N. Preston Rd in Prosper was recently acquired by Younger Partners Investments. The specific financial details of the transaction were not disclosed. Adam Howells and Zach Riebe from JLL represented both the buyer and the seller in the deal, showcasing their expertise in the real estate market.
On the Map
Retail
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Players
Prosper 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