Fidelis Realty Partners Acquires Retail Property On W. Grand Pkwy. In Richmond
5472 W Grand Pkwy, Richmond, TX, USA
Building Size
271,157 SF
Asset Type
Retail
Closing
Nov 30, 2021
AI
The property involved in this transaction is a retail asset located at 5472 W. Grand Pkwy in Richmond. It has a total size of 271,157 square feet and sits on 35.57 acres of land.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5472 W. Grand Pkwy
- Market: Richmond
- Square Footage: 271,157
- Acres: 35.57
The buyer in this transaction is Fidelis Realty Partners LLC. The broker representing the buyer is Barry Brown, Adam Howells, George Cushing, Wendy Vandeventer, Ethan Goldberg, Erin Lazarus, Colby Mueck, James Brolan, and Stuart Hepler from JLL Capital Markets.
The lender involved in the deal is Morgan Stanley, providing a 10-year fixed-rate acquisition loan to the buyer.
Players
Richmond 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