Marianne Vernacchia Acquires Retail Asset In Waxahachie With Buyer's Rep John Paine
1995 North US Highway 77
Building Size
950 SF
Asset Type
Retail
Closing
Dec 19, 2024
AI
A retail property located at 1995 North US Highway 77 in the Waxahachie market has been sold. The asset type is retail with a square footage of 950. This property features brand new construction for a Dutch Bros coffee shop situated within the Dallas-Fort Worth MSA and is subject to a 15-year ground lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1995 North US Highway 77
- Market: Waxahachie
- Buyer: Marianne Vernacchia
- Buyer's Representative: John Paine - Paine Net Lease Team - Marcus & Millichap
- Seller's Representatives: Zack Ficke, Geoff Ficke & John France - Colliers
The transaction involved key representatives from both the buyer and seller sides, highlighting their engagement in the deal to secure this retail asset. The buyer was represented by John Paine from the Paine Net Lease Team at Marcus & Millichap, while the seller's interests were served by Zack Ficke, Geoff Ficke, and John France from Colliers.
Players
Waxahachie Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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