Tom Johnson Purchases Retail Asset From Chad DuBose In Dallas-Fort Worth For $4.9M
1270 Fm 148
$4,900,000
$659/SF
Building Size
7,428 SF
Asset Type
Retail
Closing
Apr 11, 2025
AI
The property asset involved in this transaction is a retail space located at 1270 Fm 148 in the Dallas-Fort Worth market. The sale was finalized for a price of $4,900,000, encompassing a total square footage of 7,428 and a price per square foot of $659.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 1270 Fm 148
- Market: Dallas-Fort Worth
- Square Footage: 7,428
- Price Per Square Foot: $659
- Buyer: Tom Johnson
- Seller: Chad DuBose
- Brokers: Jack France, Zack Ficke, Geoff Ficke & William Paredes - Colliers
The transaction was facilitated by four brokers from Colliers, namely Jack France, Zack Ficke, Geoff Ficke, and William Paredes, who represented the parties involved in the deal. Tom Johnson acquired the property from Chad DuBose, completing this retail asset transaction in the Dallas-Fort Worth area.
Players
Terrell 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93