Unknown Investment Group Acquires 74837 SF Property From Real Capital Solutions In Lewisville
500 E Round Grove Rd, Lewisville, TX 75067, USA
Building Size
74,837 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The Shops at Vista Ridge is a retail center located at 500 E Round Grove Rd, Lewisville, TX, encompassing a total area of 74,837 square feet. The property features anchor tenants such as Texas Family Fitness and Harbor Freight Tools, along with additional users including Salons by JC, McAlister’s Deli, Smoothie King, and Hobbytown USA. The property is situated in the Lewisville market.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Not disclosed
- Address: 500 E Round Grove Rd, Lewisville, TX
- Square Footage: 74,837
- Market: Lewisville
- Seller: Real Capital Solutions
- Buyer: Unknown Investment Group
- Seller's Representatives: Matthew Rosenfeld, Giovanni Scardino
This transaction involved Weitzman as the brokerage firm managing negotiations on behalf of the seller, which is a partnership between New Jersey-based Lamar Cos. and Colorado-based Real Capital Solutions. The buyer in this transaction is an undisclosed investment group based locally.
Players
Lewisville 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