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1330 Dragon Street

Garrick Patterson Acquires Retail Property In Dallas From Mark Lafferty
SOLDRetail

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:

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

Chase Miller

NAI Global

Broker

$8.8M

vol

11 deals

Broker

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