Stan Johnson Company Represents $25M Retail Sale In Carrollton, TX
3044 Old Denton Road, Carrollton, Texas 75007, United States
$25,000,000
$183/SF
Building Size
136,061 SF
Asset Type
Retail
Closing
Apr 21, 2022
AI
The retail property located at 3044 Old Denton Road in Carrollton has been sold for $25,000,000. This 136,061 square foot asset was part of a closed transaction on April 22, 2022. The property was marketed by Margaret Caldwell, Patrick Kelley, and Gill Warner of Stan Johnson Company. The sale price translates to a price per square foot of $184.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 3044 Old Denton Road
- Market: Carrollton
- BROKERS: Margaret Caldwell, Patrick Kelley & Gill Warner - Stan Johnson Company
- SF: 136,061
- PPSF: $184
Margaret Caldwell, Patrick Kelley, and Gill Warner, representing Stan Johnson Company, played a crucial role in facilitating the transaction.
Players
Carrollton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93