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6680 West Freeway

AW Outlet Acquires 23,879 Square Foot Retail Building In Fort Worth With Sarah Lamb As Buyer's Rep
SOLDRetail

AW Outlet Acquires 23,879 Square Foot Retail Building In Fort Worth With Sarah Lamb As Buyer's Rep

6680 West Freeway

Building Size

23,879 SF

Asset Type

Retail

Closing

Aug 22, 2024

AI

A retail property located at 6680 West Freeway, Fort Worth, has been acquired by AW Outlet. The asset spans 23,879 square feet and is situated on 1.7 acres. This property is part of a shopping center anchored by Albertsons.

Summary of transaction details:

DB2RE represented AW Outlet in the acquisition, while the seller's interests were represented by Matthew Rosenfeld and Michelle Caplan of Weitzman. The transaction reflects a strategic move for AW Outlet to establish a new store within the established shopping center.

Players

Sarah Lamb

Davidson Bogel Real Estate

Broker

2 deals

Broker

Fort Worth 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