Grapevine Centre Sold With Roger Smeltzer As Buyer's Rep And Bryan Dyer & Russel Wehsener As Seller's Reps
1250 William D Tate Avenue
Building Size
85,421 SF
Asset Type
Retail
Closing
Dec 17, 2024
AI
The transaction involved the sale of Grapevine Centre, a fully leased retail center with an asset size of 85,421 square feet, located at 1250 William D Tate Avenue in Grapevine. The property features tenants such as Petco and Dollar Tree.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1250 William D Tate Avenue
- Market: Grapevine
- Asset Size: 85,421 square feet
- Buyer’s Representative: Roger Smeltzer - Vision Commercial Real Estate
- Seller’s Representatives: Bryan Dyer & Russel Wehsener - The Woodmont Company
The Woodmont Company facilitated the sale, representing the seller, Grapevine Beall Center LLC. Roger Smeltzer from Vision Commercial represented the buyer during this transaction.
Players
Grapevine 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