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500 E Round Grove Rd, Lewis...

Unknown Investment Group Acquires 74837 SF Property From Real Capital Solutions In Lewisville
SOLDRetail

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

Matthew Rosenfeld

Broker

8 deals

Broker
Real Capital Solutions (RCS)
Real Capital Solutions (RCS)Seller

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