Hanley Investment Group Acquires Retail Property In Arlington For 4.7% CAP RATE
4016 North Collins Street, Arlington, TX, USA
Building Size
3,010 SF
Asset Type
Retail
Closing
Jun 24, 2020
AI
Located at 4016 N. Collins St. in Arlington, this retail property was recently sold in a closed transaction. The property spans 3,010 square feet and is situated in the bustling market of Arlington.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Date: 06/24/2021
- Seller's Representative: Austin Blodgett - RealSource, & ParaSell Inc
- Buyer's Representative: Jeremy McChesney - Hanley Investment Group
- Market: Arlington
Austin Blodgett, representing RealSource and ParaSell Inc, acted as the seller's representative in this transaction. On the buyer's side, Jeremy McChesney from Hanley Investment Group facilitated the deal. Both parties played a crucial role in the successful completion of this transaction.
Players
Arlington 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