JT Arlington Acquires 9,291 Square Foot Retail Center In Frisco With Financing Arranged By Duke Dennis
6828 Stonebrook Parkway
Building Size
9,291 SF
Asset Type
Retail
Closing
Aug 9, 2024
AI
A fully occupied retail center located at 6828 Stonebrook Parkway in Frisco was sold. The asset spans 9,291 square feet and is currently home to tenants including Active Dental and Jamba Juice.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2.8 million
- Address: 6828 Stonebrook Parkway
- Market: Frisco
- Broker: William Kim - Marcus & Millichap
- Mortgage Broker: Duke Dennis - Marcus & Millichap
- Buyer: JT Arlington
William Kim represented the buyer in this transaction, while Duke Dennis facilitated the financing arrangements. Both professionals are associated with Marcus & Millichap, which handled the sale of the property.
Players
Frisco Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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