CenterSquare Investment Management Acquires Retail Property In Flower Mound For 19,266 SF
5810 Long Prairie Road, Flower Mound, Texas 75028, United States
Building Size
19,266 SF
Asset Type
Retail
Closing
Feb 22, 2022
AI
The retail property located at 5810 Long Prairie Road in Flower Mound has been sold. The transaction took place on 02/23/2022, with a total square footage of 19,266.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
The buyer of the property is CenterSquare Investment Management. They were represented by Rob Holuba, Patrick Camporini, Victoria Taylor Madrid, and Justin Okumus from CenterSquare Investment Management. On the other hand, Scott Remphrey from Brytar Cos., Michelle Caplan, and Matthew Rosenfeld from Weitzman acted as the seller's representatives in the deal.
Players
Flower Mound 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