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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1640 FM 423
- Market: Little Elm, TX
- Square Footage: 13,079
- Brokers: Scott Abeel & Philip Levy - Marcus & Millichap
- Buyer: Private investor
- Lease Type: Triple-net leases
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
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