David K. Holeman Of Whitestone REIT Acquires Retail Center In Fort Worth From Trademark And ALTO
5000 South Hulen Street
Building Size
86,907 SF
Asset Type
Retail
Closing
Jun 17, 2025
AI
The property asset involved in this transaction is a retail shopping center located at 5000 South Hulen Street in Fort Worth. The center encompasses 86,907 square feet and is fully leased, featuring national retailers such as Sephora and Old Navy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5000 South Hulen Street
- Market: Fort Worth
- Square Footage: 86,907
- Buyer: David K. Holeman - Whitestone REIT
- Seller: Terry Montesi - Trademark Property Company
- Seller: Yaniv Melamud - ALTO Real Estate Funds
This transaction marks Whitestone REIT's 29th asset acquisition in Texas and their 10th in the Dallas-Fort Worth area, indicating their continuous growth in the region.
Players
Fort Worth 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