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Stan Johnson Company Acquires Retail Property In Dallas For $6.4M With Broker Mark Lovering

Property Image
SOLD
$6,400,000
Mark Lovering
SJ

Texas

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Retail15,120 SF
Sold
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Property Image
SOLD

Stan Johnson Company Acquires Retail Property In Dallas For $6.4M With Broker Mark Lovering

2060 South Buckner Boulevard, Dallas, TX 75217

See Similar Deals
Retail15,120 SF
Sold
Mark Lovering
SJ
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$423
Total Square Footage:15120 SF
Transaction Type:Sale

Mark Lovering captured the 2060 S. Buckner Blvd. retail property in Dallas, which was recently sold for $6,400,000. Spanning across 15,120 square feet, the property boasts a competitive price per square foot of $423. With a cap rate of 6.09%, this retail asset presents an attractive investment opportunity in the Dallas market.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $6,400,000
  • Square Footage: 15,120
  • Price Per Square Foot: $423
  • Cap Rate: 6.09%

Leading the transaction was the Stan Johnson Company, who acted as the buyer in this deal. Mark Lovering, from an undisclosed agency, served as the broker representing the buyer throughout the negotiation process. Together, they successfully facilitated the acquisition of this promising retail property.

Players

Mark Lovering
Mark Lovering
1 deal$6.4M volume
BROKER
SJ
Stan Johnson
2 deals$20.4M volume
BUYER

Details

SOLD
IMAGE: Mark Lovering DATE: 10/16/2020 ADDRESS: 2060 S. Buckner Blvd. MARKET: Dallas ASSET TYPE: Retail BUYER: Stan Johnson Company BROKER: Mark Lovering SALE PRICE: $6,400,000 SF: 15,120 ~ PPSF: $423 CAP RATE: 6.09%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18