Phillips Edison & Co. Acquires Retail Property In Denton, Texas
5005 Teasley Lane, Denton, TX, USA
Building Size
28,134 SF
Asset Type
Retail
Closing
Mar 25, 2021
About this deal
AI
Phillips Edison & Co., represented by Jeffery Edison, has acquired a retail property located at 5005-5017 Teasley Ln in Denton. The transaction took place on 03/26/2021. The property, spanning 28,134 square feet, was sold by an undisclosed seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Date: 03/26/2021
- Address: 5005-5017 Teasley Ln
- Market: Denton
- Buyer: Phillips Edison & Co. - Jeffery Edison
This acquisition by Phillips Edison & Co., led by Jeffery Edison, further expands their retail portfolio. The deal signifies their continued interest and investment in the Denton market.
Players
Denton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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