Dallas Investor Acquires Fully Leased Sam Moon Center In Frisco For Sale
2449 Preston Road
Building Size
38,356 SF
Asset Type
Retail
Closing
Feb 28, 2024
About this deal
AI
The fully leased Sam Moon Center, a 38,356-square-foot shopping center on Preston Road in Frisco, was recently purchased by a Dallas investor. The sale was facilitated by Hudson Lambert and Jennifer Pierson of Strive Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 2449 Preston Road
- Market: Frisco
- Brokers: Hudson Lambert & Jennifer Pierson - Strive
The Dallas investor who acquired the Sam Moon Center remains undisclosed, while Hudson Lambert and Jennifer Pierson of Strive Real Estate played integral roles in facilitating the transaction. The center's prime location on Preston Road in Frisco adds to its appeal in the retail market.
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