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16100 TX-121 Frisco, TX 750...

Custer Road Commons Retail Strip Center Sold In Frisco By Texas-based Limited Partnership
SOLDRetail

Custer Road Commons Retail Strip Center Sold In Frisco By Texas-based Limited Partnership

16100 TX-121 Frisco, TX 75035, USA

Building Size

23,609 SF

Asset Type

Retail

Closing

May 15, 2023

AI

Custer Road Commons, a fully leased retail strip center located at 16100 TX-121 in Frisco, has recently been sold in a closed transaction. The specific sales price and seller have been kept confidential. The property spans an area of 23,609 square feet and falls under the retail asset type.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 16100 TX-121, Frisco
  • Market: Frisco
  • Square Footage: 23,609

The sale of Custer Road Commons was facilitated by local brokerage firm, The SHOP Cos, represented by brokers Tim Axilrod and Tayler Rose. As Texas-based limited partnership, the selling entity, remains anonymous, the transaction was successfully negotiated by the brokerage firm without any public information on the final price.

Players

Tim Axilrod

SHOP Companies

Broker

9 deals

Broker

Texas 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