Garrick Patterson Acquires Retail Property In Dallas From Mark Lafferty
1330 Dragon Street
Building Size
5,838 SF
Asset Type
Retail
Closing
May 1, 2024
AI
The retail property located at 1330 Dragon Street in Dallas, spanning 5,838 square feet, was recently involved in a sales transaction. The deal took place between Garrick Patterson of P4 Holdings, who acted as the buyer, and Mark Lafferty of HMI Dallas, who represented the seller in the transaction.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Garrick Patterson - P4 Holdings
- Seller: Mark Lafferty - HMI Dallas
- Buyer's Rep: Chase Miller - NAI Capital
- Seller's Rep: Chris Janowski, Scott Rodgers & Jackson Fuller - DuWest Realty
The buyer's representative, Chase Miller of NAI Capital, played a crucial role in facilitating the deal alongside the seller's representatives, Chris Janowski, Scott Rodgers, and Jackson Fuller of DuWest Realty. Each party brought unique expertise and negotiation skills to ensure the successful completion of the transaction.
Players
Dallas 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