Bill Hutchinson Of Dunhill Partners Acquires Retail Centers From Jeffery Edison For $220,938 SF
401 Slide Road & 509 West Commerce Street
Building Size
220,938 SF
Asset Type
Retail
Closing
Jan 7, 2026
About this deal
AI
The transaction involves a retail asset with a total square footage of 220,938 located at 401 Slide Road & 509 West Commerce Street within the Lubbock and Brownwood markets. This property is fully leased and features significant tenants such as United Supermarkets and TJ Maxx. There are opportunities for growth in value as current rents are positioned below market rates.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Bill Hutchinson - Dunhill Partners
- Seller: Jeffery Edison - Phillips Edison & Company
- Brokers: Chris Gerard & Adam Howells - JLL
This deal was facilitated by Bill Hutchinson representing Dunhill Partners as the buyer and Jeffery Edison representing Phillips Edison & Company as the seller. The brokers facilitating the transaction were Chris Gerard and Adam Howells from JLL. The properties included in the sale are considered to have development opportunities that could enhance their market value.
On the Map
Retail
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Players
Lubbock 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93