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5100 Belt Line Rd, Addison,...

Updated Dec 14, 2024

VOP Partners LLC Acquires Retail Property In Addison For $Undisclosed
SOLDRetail

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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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

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