VOP Partners LLC Acquires Retail Property In Addison For $Undisclosed
5100 Belt Line Rd, Addison, TX, USA
Building Size
381,000 SF
Asset Type
Retail
Closing
May 31, 2021
About this deal
AI
The retail property located at 5100 Belt Line Rd in Addison has been sold in a recent transaction. Spanning a total of 381,000 square feet, this property sits on a substantial 32-acre site. The seller, UBS Realty represented by Matt Lynch, successfully closed the deal with the buyer, VOP Partners LLC. The transaction was facilitated by JLL, the broker involved in this sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified in the given information
- Address: 5100 Belt Line Rd
- Market: Addison
- Seller: UBS Realty - Matt Lynch
- Buyer: VOP Partners LLC
- Broker: JLL
- Square Footage: 381,000
- Acres: 32
This successful transaction showcases the collaboration between the seller, UBS Realty, and the buyer, VOP Partners LLC. With the expertise of JLL, the deal was efficiently facilitated, resulting in the sale of this retail property located in Addison.
Players
Addison 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