Steeplechase Ventures LLC Acquires Retail Property In Denton, TX For $1.12M
5800 North Interstate 35, Denton, TX 76207
Building Size
166,225 SF
Asset Type
Retail
Closing
Jan 12, 2022
About this deal
AI
Steeplechase Ventures, LLC has acquired a retail property located at 5800 N. Interstate 35 in Denton, TX. The property, measuring approximately 166,225 square feet, was sold by LAD Ventures LLC. The transaction took place on January 12, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5800 N. Interstate 35, Denton, TX
- Market: Denton, TX
- Buyer: Steeplechase Ventures, LLC
- Seller: LAD Ventures LLC
- Brokers: Adam Howells, Ryan Shore & Matthew Barge - JLL Capital Markets
The purchase was facilitated by Adam Howells, Ryan Shore, and Matthew Barge from JLL Capital Markets, acting as brokers in the deal.
On the Map
Retail
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Players
Denton 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