Shripal Dave Acquires Retail Asset At 1414 Market Place Boulevard Irving For $4M

This retail asset, located at 1414 Market Place Boulevard in Irving, has a total square footage of 9,800. The property was originally listed at $4,000,275 with a 7.32% cap rate. It is situated in the Dallas-Fort Worth Metropolitan Area and is currently leased to Razzoo's, which has 4.7 years remaining on an absolute net lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,000,275
• Address: 1414 Market Place Boulevard
• Market: Irving
• Square Footage: 9,800
• Buyer: Shripal Dave
• Broker: John Paine - Paine Restaurant Group - Marcus & Millichap

The transaction was marked by high demand which led to a quick sale, facilitated by broker John Paine, who represents the involved parties in the deal.