Four Rivers Capital Acquires Gallery On The Parkway Retail Center In Dallas
13900 Dallas Parkway
Building Size
146,612 SF
Asset Type
Retail
Closing
Oct 17, 2023
AI
Blue Owl Real Estate has sold Gallery on the Parkway, a 146,612-square-foot Dallas retail center, located at 13900 Dallas Parkway. The property features notable tenants like Nordstrom Rack and Cost Plus World Market. The transaction took place on October 17, 2023, with Four Rivers Capital acquiring the retail center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 13900 Dallas Parkway
- Market: Dallas
- Size: 146,612 square feet
The buyer in this transaction was Four Rivers Capital, represented by James Mason. Blue Owl Real Estate, represented by Doug Ostrover, acted as the seller. Adam Gottschalk of Strive served as the broker for the sale of Gallery on the Parkway.
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