Marcus & Millichap Sells Carrollton Retail Property On N Josey Ln For 80,774 SF
3050 North Josey Lane, Carrollton, TX 75007
Building Size
80,774 SF
Asset Type
Retail
Closing
Dec 15, 2021
About this deal
AI
The retail property located at 3050 N Josey Ln in Carrollton has been sold. The transaction took place on 12/15/2021. The property, spanning 80,774 square feet, was listed for sale. The deal was facilitated by Philip Levy from Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3050 N Josey Ln
- Market: Carrollton
- Size: 80,774 square feet
Philip Levy, representing Marcus & Millichap, played a pivotal role in brokering the sale of this retail property.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93