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California Investor Acquires Retail Building Fully Leased To Dunkin' And Rosati's In Fort Worth For $4M
SOLD
$4,000,000
Texas
See Similar DealsRetail6,300 SF
Sold 09/25/2024
SOLD
California Investor Acquires Retail Building Fully Leased To Dunkin' And Rosati's In Fort Worth For $4M
5144 Golden Triangle Boulevard
See Similar DealsRetail6,300 SF
Sold 09/25/2024
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$634
Total Square Footage:6,300 SF
Transaction Type:Sale
A retail building located at 5144 Golden Triangle Boulevard in Fort Worth was sold for $4,000,000. The facility spans 6,300 square feet, resulting in a price per square foot of $635. It is fully leased to tenants, including Dunkin' and Rosati's Pizza.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 6,300
- Price per Square Foot: $635
- Address: 5144 Golden Triangle Boulevard
- Market: Fort Worth
- Seller: National developer
- Buyer: California-based 1031 exchange investor
- Brokers: Scott DeYoung, Jeff Conover & Greg Lukosky - Faris Lee Investments
Scott DeYoung, Jeff Conover, and Greg Lukosky from Faris Lee Investments represented the seller in this transaction. The buyer was an investor engaged in a 1031 exchange, indicating a strategic acquisition motivation in line with IRS regulations pertaining to property exchanges.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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