GDF Properties Acquires Retail Center In Lewisville From Centrium Prime Equity LP For $14.07M
1565 West Main Street
$14,069,133
$122/SF
Building Size
115,160 SF
Asset Type
Retail
Closing
Sep 11, 2024
About this deal
AI
The property asset involved in this transaction is a retail center located at 1565 West Main Street, Lewisville, TX. The asset spans 115,160 square feet and was acquired for $14,069,133, which translates to a price per square foot of $122.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,069,133
- Address: 1565 West Main Street
- Market: Lewisville, TX
- Square Footage: 115,160
- Price Per Square Foot: $122
- Buyer: GDF Properties
- Seller: Centrium Prime Equity LP - Farid Sabounchi
- Broker Representatives: Eric Deuillet & Michael Gonzalez - Structure Commercial
GDF Properties represents a value-add investor approach, indicating a commitment to improving the retail center following their acquisition. The company expresses confidence in the investment potential of the location, following this significant transaction.
On the Map
$14,069,133
$122/SF
Retail
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Players
Lewisville 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93