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
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