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3569 NW Centre Dr, Fort Wor...

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

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

James Ullrich

Colliers

Broker

$161.5M

vol

6 deals

Broker
Stan Johnson Company
Stan Johnson CompanyBrokerage

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