Ryan Bellomy And Sean Bellomy Acquire Uptown Plaza Retail Center In Dallas From Edens
2222 Mckinney Avenue
Building Size
34,250 SF
Asset Type
Retail
Closing
Jan 17, 2025
AI
Bellomy Capital acquired a shopping center at 2222 McKinney Avenue in Dallas. The asset is a retail property with a total square footage of 34,250. The purchase marks a significant transaction within the Dallas market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2222 McKinney Avenue
- Market: Dallas
- Buyers: Ryan Bellomy & Sean Bellomy - Bellomy Capital
- Seller: Jodie W. McLean - Edens
- Buyer's Representative: Stream Realty Partners
- Seller's Representative: Jonathan Carrier - JLL
- Property Tenants: Wells Fargo and Potbelly
- Previous Purchase Price by Seller: $31.9 million in 2015
The transaction involved key individuals such as Ryan Bellomy and Sean Bellomy representing the buyer, along with Jodie W. McLean for the seller. Stream Realty Partners acted on behalf of Bellomy Capital, further facilitating the acquisition led by Jonathan Carrier of JLL for Edens.
Players
Market 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