Marcus & Millichap Facilitates Sale Of Victory Shops At Basswood VI Retail Center In Saginaw
7000 North Blue Mound Road
Building Size
8,246 SF
Asset Type
Retail
Closing
Dec 9, 2024
AI
The transaction involved the sale of Victory Shops at Basswood VI, an 8,246-square-foot retail strip center located at 7000 North Blue Mound Road, Saginaw, Texas. The asset is fully leased to tenants including Mooyah Burger and Thrive Pet Healthcare.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 7000 North Blue Mound Road
- Market: Saginaw, TX
- Asset Size: 8,246 SF
- Brokers: Chris Gainey & Philip Levy - Marcus & Millichap
- Brokerage Representation: Represented both the seller and the anonymous buyer
Marcus & Millichap facilitated the transaction, showcasing their involvement in the retail sector through the expertise of brokers Chris Gainey and Philip Levy. The deal exemplifies their capability to connect sellers with buyers effectively in the market.
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