CBRE Acquires Retail Property On Camp Bowie Boulevard In Fort Worth For $5.3M
SOLD
$5,292,000
Texas
See Similar DealsRetail13,905 SF
Sold 04/19/2023
SOLD
CBRE Acquires Retail Property On Camp Bowie Boulevard In Fort Worth For $5.3M
6346 Camp Bowie Boulevard
See Similar DealsRetail13,905 SF
Sold 04/19/2023
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$380
Total Square Footage:13,905 SF
Transaction Type:Sale
The retail property located at 6346 Camp Bowie Boulevard in Fort Worth has been sold for a total price of $5,292,000. The property spans a total area of 13,905 square feet, resulting in a price per square foot of $381. The sale of this retail asset marks a significant transaction in the Fort Worth market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,292,000
- Square Footage: 13,905
- Price Per Square Foot: $381
- Address: 6346 Camp Bowie Boulevard
- Market: Fort Worth
The sale of this retail property was facilitated by the brokers David McNevin, Melissa (Ley) Marshall, and Ian Schroeder of CBRE. Their expertise and representation played a crucial role in the successful completion of the transaction. The involvement of CBRE highlights the trust and confidence placed in their services by both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,240.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,801.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,086.78
Annual Debt Service$301,041.36
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