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1540 West Interstate 20

Weitzman Acquires Cooper Street Annex Retail Center In Arlington Texas For Closed Transaction
SOLDRetail

Weitzman Acquires Cooper Street Annex Retail Center In Arlington Texas For Closed Transaction

1540 West Interstate 20

Building Size

87,857 SF

Asset Type

Retail

Closing

Apr 15, 2026

AI

The property asset involved in the transaction is the Cooper Street Annex retail center located at 1520-1540 West Interstate 20 in Arlington, Texas. This retail center encompasses 87,857 square feet and is fully leased. It is strategically situated near the Parks at Arlington mall and includes notable tenants such as Cavender’s Boot City and O’Reilly Auto Parts.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1520-1540 West Interstate 20
  • Market: Arlington
  • Square Footage: 87,857
  • Buyer: R. Marshall Mills
  • Buyer's Representative: Stephen R. Schmidt, Nick Cate & Eric Yoo - Weitzman
  • Seller's Representative: Summit RE

The transaction was facilitated through Weitzman's affiliated partnership, Cooper Street Annex Ltd. Following the acquisition, Weitzman will maintain property management of the retail center.

Players

Stephen R. Schmidt

Weitzman⁠

Broker

1 deal

Broker
Summit RE
Summit REBrokerage
R. Marshall Mills

R. Marshall Mills

Weitzman⁠

Buyer

1 deal

Buyer

Arlington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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