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Retail Property In Fort Worth Sold For $6M By Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri & Jimmy Ullrich – Stan Johnson Co

Property Image
SOLD
$6,000,000
Mike Sladich
Maggie Holmes
+ 2

Texas

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Retail16,000 SF
Sold 10/16/2020
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Property Image
SOLD

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

See Similar Deals
Retail16,000 SF
Sold 10/16/2020
Mike Sladich
Maggie Holmes
+ 2
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$375
Total Square Footage:16,000 SF
Transaction Type:Sale

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

James (Jimmy) Ullrich
6 deals$161.5M volume(212) 292-3134
BROKER

Joey Odom
3 deals$35.5M volume
BROKER

Maggie Holmes
NorthMarq
6 deals$66.9M volume
BROKER

Mike Sladich
NorthMarq
6 deals$70.7M volume
BROKER

Mollie Alteri
2 deals$6M volume
BROKER

Stan Johnson Company
BROKERAGE

Details

SOLD
IMAGE: IMAGE: Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri, & Jimmy Ullrich⁠ DATE: 10/16/2020⁠ ADDRESS: 3569 Northwest Centre Drive⁠ MARKET: Fort Worth⁠ ASSET TYPE: Retail⁠ SALE PRICE: $6,000,000⁠ SF: 16,000 / PPSF: $375⁠ CAP RATE: 5.9%⁠ BROKERS: Mike Sladich, Joey Odom, Maggie Holmes, Mollie Alteri & Jimmy Ullrich – Stan Johnson Co⁠  …

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73