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1270 Fm 148

Tom Johnson Purchases Retail Asset From Chad DuBose In Dallas-Fort Worth For $4.9M
SOLDRetail

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:

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

Geoff Ficke

Colliers

Broker

$4.9M

vol

4 deals

Broker
Chad DuBose

Chad DuBose

Seller

$4.9M

vol

2 deals

Seller

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