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
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