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1640 Fm 423

Scott Abeel And Philip Levy Of Marcus & Millichap Complete Sale Of India Bazaar Plaza In Little Elm
SOLDRetail

Scott Abeel And Philip Levy Of Marcus & Millichap Complete Sale Of India Bazaar Plaza In Little Elm

1640 Fm 423

Building Size

13,079 SF

Asset Type

Retail

Closing

Jul 29, 2026

AI

The property involved in this transaction is India Bazaar Plaza, a retail center located at 1640 FM 423 in Little Elm, Texas, encompassing a total area of 13,079 square feet. The asset is fully leased to India Bazaar and Shahnaz Salon & Threading, both operating under triple-net leases.

Summary of transaction details:

Scott Abeel and Philip Levy represented the seller in the deal and successfully procured the buyer, facilitating the acquisition of the property for long-term investment by the private investor.

Players

Philip Levy

Marcus & Millichap

Broker

$34.7M

vol

43 deals

Broker

Frisco 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