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
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.
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