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3044 Old Denton Road, Carro...

Stan Johnson Company Represents $25M Retail Sale In Carrollton, TX
SOLDRetail

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

Margaret Caldwell

Stan Johnson Company

Broker

$137.3M

vol

3 deals

Broker

Carrollton 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93