Sugar Pond Investments Acquires Woodhaven Plaza Retail Property In Fort Worth
1201 Woodhaven Boulevard, Fort Worth, TX 76112, USA
Building Size
23,900 SF
Asset Type
Retail
Closing
Oct 4, 2021
About this deal
AI
The property at 1201 Woodhaven Blvd in Fort Worth was sold in a recent transaction. The retail asset spans a total of 23,900 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Fort Worth
- Address: 1201 Woodhaven Blvd
- Square Footage: 23,900
Sugar Pond Investments LLC purchased the property from K & B Star Investments LLC. The deal was facilitated by Kirk Searcy from the Texas Retail Group at Colliers International.
Woodhaven Plaza, due to the high demand in the Dallas-Fort Worth area, attracted over 10 offers from buyers all across the United States. The seller chose an offer that exceeded the list price and came from an out-of-state buyer. The transaction proceeded quickly, with no feasibility period, and was successfully closed in less than 60 days.
Players
Fort Worth 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