Faris Lee Investment Acquires Retail Property In Euless For $8.7M
2401 Texas Highway 121, Euless, Texas 76039, United States
$8,675,000
$788,636/SF
Building Size
11 SF
Asset Type
Retail
Closing
Apr 1, 2023
About this deal
AI
The property involved in this transaction is a retail asset located at 2401 State Hwy 121 in Euless. It sits on 1.68 acres of land. The transaction took place on 01/04/2023.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,675,000
- Square Footage: 11,620
- Price per Square Foot: $747
- Address: 2401 State Hwy 121, Euless
- Market: Euless
The buyer's representatives in this deal were Jeff Conover & Scott DeYoung from Faris Lee Investment. The seller's representative was Venture CRE.
The retail sale at 2401 Texas Highway 121, Euless, Texas 76039, United States in Euless, Texas sold for $8.7M in 2023. The building is 11 square feet, implying about 788.6K per square foot on the published price. Scott DeYoung, Jeff Conover, Faris Lee Investments appear on the sale alongside Faris Lee Investments. This page is the Euless, Texas file for the 2401 Texas Highway 121, Euless, Texas 76039, United States retail sold: pricing, party profiles, and other closed retail comps from the same Euless sit in the Market section below. Filter that Euless retail set by closing date to see what else sold near 2401 Texas Highway 121, Euless, Texas 76039, United States around 2023. Published consideration for 2401 Texas Highway 121, Euless, Texas 76039, United States is $8.7M, dated 2023. Cite this Faris Lee Investment Acquires Retail Property In Euless For $8.7M sale when underwriting similar retail product around Euless, Texas.
Players
Euless Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Scott DeYoung to view all their deals.
Browse Texas retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93