California Investor Acquires Retail Building Fully Leased To Dunkin' And Rosati's In Fort Worth For $4M
5144 Golden Triangle Boulevard
$4,000,000
$634/SF
Building Size
6,300 SF
Asset Type
Retail
Closing
Sep 25, 2024
AI
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.
Players
Fort Worth 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93