Retail Property In Fort Worth Sold For $6M By Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri & Jimmy Ullrich – Stan Johnson Co
3569 NW Centre Dr, Fort Worth, TX 76135, USA
$6,000,000
$375/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Oct 15, 2020
AI
The retail property located at 3569 Northwest Centre Drive in Fort Worth has been sold in a closed transaction. The property spans 16,000 square feet and was sold for a price of $6,000,000, resulting in a price per square foot of $375. The sale was completed on October 16, 2020, with a capitalization rate of 5.9%. The sale was facilitated by the brokerage firm Stan Johnson Co, with Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri, and Jimmy Ullrich serving as the brokers involved in the deal.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Square Footage: 16,000
- Price per Square Foot: $375
- Capitalization Rate: 5.9%
- Brokers: Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri, and Jimmy Ullrich – Stan Johnson Co
This successful transaction was completed with the assistance of the dedicated brokers from Stan Johnson Co. Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri, and Jimmy Ullrich played pivotal roles in facilitating the deal.
Players
Fort Worth 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93