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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 6680 West Freeway
- Market: Fort Worth
- Square Footage: 23,879
- Acres: 1.7
- Buyer: AW Outlet
- Buyer's Representative: Sarah Lamb - Davidson Bogel Real Estate (DB2RE)
- Seller's Representative: Matthew Rosenfeld & Michelle Caplan - Weitzman
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
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