Partners Capital Acquires Westcliff Shopping Center In Fort Worth For $14.8M
3563 Alton Road
$14,800,000
$109/SF
Building Size
134,750 SF
Asset Type
Retail
Closing
Oct 17, 2023
AI
The Westcliff Shopping Center, located at 3563 Alton Road in Fort Worth, has been sold in a retail transaction. The property spans 134,750 square feet and is anchored by Albertsons. The deal was brokered by Disney Investment Group (DIG), representing the seller CTO Realty Growth, and assisting the buyer Partners Capital, an investment platform of Partners Real Estate. The sale price for the property was $14.8 million, resulting in a price per square foot of $110.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,800,000
- Square Footage: 134,750
- Address: 3563 Alton Road, Fort Worth
- Market: Fort Worth
Jess Dickie from Partners Real Estate represented the buyer, Arjun Raghavan, in the transaction, while John P. Albright represented CTO Realty Growth as the seller's representative. Independent Financial served as the lender for the deal.
Fort Worth's Westcliff Shopping Center, a retail space anchored by Albertsons, was successfully sold for $14.8 million. Partners Capital, with the assistance of Jess Dickie from Partners Real Estate, acquired the property from CTO Realty Growth. Disney Investment Group (DIG) facilitated the transaction as the seller's representative.
Players
Fort Worth 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93