Marcus & Millichap Sells Sycamore Village Shopping Center In Fort Worth, Texas
3515 Sycamore School Rd, Fort Worth, TX 76133, USA
Building Size
26,148 SF
Asset Type
Retail
Closing
Jun 27, 2023
About this deal
AI
The Sycamore Village Shopping Center located at 3515 Sycamore School Road in Fort Worth, Texas was recently sold. The retail property spans an area of 26,148 square feet and sits on 2.67 acres of land.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 3515 Sycamore School Road
- Market: Fort Worth
- Size: 26,148 square feet
- Acreage: 2.67 acres
Joe Santelli from Marcus & Millichap represented the seller as the exclusive listing agent for the Sycamore Village Shopping Center. The property garnered significant attention in the market, receiving 16 competitive offers. Ultimately, it closed at the target price.
Players
Texas 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