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2930 Preston Road, Frisco, ...

Vista Property Co. Acquires Retail Property In Frisco, TX From InvenTrust Properties Corp
SOLDRetail

Vista Property Co. Acquires Retail Property In Frisco, TX From InvenTrust Properties Corp

2930 Preston Road, Frisco, TX 75034, USA

Building Size

227,041 SF

Asset Type

Retail

Closing

Dec 10, 2021

AI

Located at 2930 Preston Rd in Frisco, TX, a retail property spanning approximately 227,041 square feet has been sold in a recent transaction. The sale was completed on 12/10/2021, involving the buyer Vista Property Co. and the seller InvenTrust Properties Corp.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not provided in CONTEXT
  • Address: 2930 Preston Rd, Frisco, TX
  • Market: Frisco, TX
  • Asset Type: Retail
  • Square Footage: 227,041

The sale of this retail property was facilitated by Ryan Shore, Chris Gerard, Barry Brown, and Jack Copher from JLL, representing both the buyer and the seller.

Players

Chris Gerard

JLL

Broker

$115M

vol

30 deals

Broker
VC
Vista Property Co.Buyer

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