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1600 Eastchase Pkwy Fort Wo...

Leeton Real Estate Acquires Eastchase Market Retail Center In Fort Worth From ShopCore Properties
SOLDRetail

Leeton Real Estate Acquires Eastchase Market Retail Center In Fort Worth From ShopCore Properties

1600 Eastchase Pkwy Fort Worth, TX 76120, USA

Building Size

261,730 SF

Asset Type

Retail

Closing

Aug 10, 2023

AI

ShopCore Properties has sold the Eastchase Market, a 261,730-square-foot retail center located at 1600 Eastchase Parkway in Fort Worth, Texas. The property was acquired by Leeton Real Estate in a sale facilitated by JLL. At the time of the transaction, the retail center was 91.9% leased and housed various stores.

Summary of transaction details:

JLL, represented by brokers Adam Howells, Barry Brown, and Cole Sutter, played a key role in facilitating the sale of the Eastchase Market. Additionally, the transaction involved a loan of $11.7 million from Park Circle Financial. The sale marks a successful acquisition for Leeton Real Estate in the vibrant retail market of Fort Worth, Texas.

Players

Adam Howells

JLL

Broker

$30.5M

vol

16 deals

Broker
SP
ShopCore PropertiesSeller

Fort Worth 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