Lucrum Realty Affiliate LR Lake Park LLC Acquires 50,511 Square Foot Retail Center In Lewisville
359 Lake Park Road
Building Size
50,511 SF
Asset Type
Retail
Closing
Sep 16, 2026
About this deal
AI
The property involved in the transaction is the Lake Park Plaza retail center located at 359 Lake Park Road in Lewisville, Texas. The asset type is retail with a total square footage of 50,511. The center features multiple tenants including automotive, food, retail, personal services, and professional offices, and is anchored by a fuel and convenience operator.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Square Footage: 50,511 SF
- Address: 359 Lake Park Road
- Market: Lewisville, TX
- Buyer: Lucrum Realty affiliate LR Lake Park LLC
- Broker: Phil Rosenfeld - Lee & Associates
This transaction was facilitated by Phil Rosenfeld of Lee & Associates, who represented the buyer, Lucrum Realty affiliate LR Lake Park LLC, in acquiring the property. The terms of the sale have not been disclosed.
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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