facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

5203 Alpha Road

JLL Closes Sale Of Muse Shops At Midtown In Dallas, Texas
SOLDRetail

JLL Closes Sale Of Muse Shops At Midtown In Dallas, Texas

5203 Alpha Road & 5233 Alpha Road

Building Size

224,324 SF

Asset Type

Retail

Closing

Apr 25, 2024

AI

The Muse Shops at Midtown, a recently redeveloped retail center in Dallas, Texas, encompassing 112,162 square feet located at 5203-5233 Alpha Road, was sold in a transaction closed on 04/25/2024. The property's strategic location in North Dallas offers potential for value enhancement through additional lease-up opportunities. Over the past year, more than 70,000 square feet of new leases have been signed at this retail center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 5203-5233 Alpha Road
  • Market: Dallas
  • Asset Type: Retail
  • Square Footage: 112,162

JLL Capital Markets represented the seller in the sale of Muse Shops at Midtown. The deal was facilitated by brokers Adam Howells, Erin Lazarus, Keenan Ryan & Megan Babovec from JLL. The property's appeal lies in its recent redevelopment and location in a bustling retail area of Dallas, Texas.

Players

Erin Lazarus

JLL

Broker

$565M

vol

23 deals

Broker

Dallas Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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