STRIVE Brokers Facilitate Sale Of Shops At The Grove In Waxahachie
2761 North US Highway 77
Building Size
9,422 SF
Asset Type
Retail
Closing
Jun 25, 2024
AI
The retail strip center known as Shops at The Grove, located at 2761 North US Highway 77 in Waxahachie, consists of 9,422 square feet. It was recently sold in a transaction facilitated by Dallas brokerage firm STRIVE. The property features tenants such as Bahama Bucks and Mi Casa Mexican Cuisine.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Transaction Date: 06/25/2024
- Market: Waxahachie
- Brokers: Hudson Lambert, Hudson Springer & Parker Tims - STRIVE
The sale of the retail strip center was handled by Parker Tims and Hudson Lambert of STRIVE representing the seller, while Hudson Springer from the same firm acted as the representative for the buyer, an anonymous local investor.
Players
Waxahachie 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