Dunhill Partners Acquires Fully Leased Rockwall Market Center In Rockwall
2663 Market Center Drive
Building Size
212,000 SF
Asset Type
Retail
Closing
Aug 18, 2023
About this deal
AI
The fully leased Rockwall Market Center, spanning 212,000 square feet, has been acquired by Dunhill Partners, led by Bill Hutchinson. Located on Interstate 30 in Rockwall, this major shopping center offers a prime location and a strong tenant base for future growth in the Rockwall market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 212,000
- Address: 2663-2853 Market Center Drive, Rockwall
- Market: Rockwall
Dunhill Partners, a Dallas investment firm headed by Bill Hutchinson, recognized the potential of Rockwall Market Center due to its prime location and thriving tenant base. The acquisition marks their strategic move to tap into the prosperous Rockwall market and position the shopping center for future growth.
On the Map
Retail
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Players
Markesan 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