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6401 New York Ave Arlington...

Investment Sales Firm STRIVE Arranges Sale Of 13,910 SF Retail Strip Center In Arlington
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Investment Sales Firm STRIVE Arranges Sale Of 13,910 SF Retail Strip Center In Arlington

6401 New York Ave Arlington, TX 76018, USA

Building Size

13,910 SF

Asset Type

Retail

Closing

Aug 30, 2023

AI

STRIVE, an investment sales brokerage firm, has arranged the sale of College Crossing, a 13,910-square-foot retail strip center located at 6401 New York Avenue in Arlington. The property was sold by a locally based entity to an undisclosed buyer. The transaction took place on 08/30/2023.

Summary of transaction details

  • Property Type: Retail
  • Square Footage: 13,910
  • Address: 6401 New York Avenue, Arlington
  • Market: Arlington

Hudson Lambert from STRIVE acted as the broker in this transaction, representing both the buyer and the seller. The names of the entities involved have not been disclosed. The deal was facilitated by STRIVE, a reputable investment sales brokerage firm.

Players

Hudson Lambert

Summit RE

Broker

19 deals

Broker

Arlington 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