Local Family Trust Acquires Property In The Colony Texas Represented By Brandon Miller And Team
5040 Tx-121, Lewisville, TX, 75056
Building Size
8,700 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is an 8,700-square-foot retail center located at 5040 Tx-121 in Lewisville, TX, within The Colony market. The center is situated adjacent to Grandscape, a 400-acre mixed-use development. Current tenants of the property include T-Mobile, Chipotle Mexican Grill, and Texas Direct Auto.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Undisclosed
- Address: 5040 Tx-121, Lewisville, TX, 75056
- Market: The Colony
- Seller's Representatives: Brandon Miller (Newmark), John Zikos (Venture Investment Sales), Jonathan Cooper (Davidson Bogel Real Estate)
- Buyer: Local family trust
- Square Footage: 8,700
The deal was brokered by the team from Venture Investment Sales, which included John Zikos, Jonathan Cooper, and Don Miller, representing the seller in this transaction.
On the Map
Retail
View full map
Players
The Colony Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse The Colony retail sales on Traded.
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