Stonehenge Properties Acquires Valley Square Shopping Center In Lewisville With DuWest Realty As Buyer's Rep
724 West Main Street
Building Size
47,857 SF
Asset Type
Retail
Closing
Nov 12, 2024
AI
The property asset involved in this transaction is a retail center named Valley Square, located at 724 West Main Street in Lewisville, Texas. It encompasses a total square footage of 47,857 and is currently 100% leased with twenty-one existing tenants. The center benefits from being shadow-anchored by a newly opened Fiesta Mart, which enhances its market presence. The sale was executed on November 12, 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 724 West Main Street
- Market: Lewisville
- Asset Size: 47,857 SF
- Buyer: Stonehenge Properties
- Buyer’s Representative: Will Walters, Alex Speed & Josie Trent - Duwest Realty
- Seller’s Representative: David Disney - Disney Investment Group
DuWest Realty and Disney Investment Group brokered the sale of the Valley Square shopping center. Additionally, DuWest Realty previously represented the same buyer, Stonehenge Properties, in the acquisition of the Fiesta Mart in a separate transaction, highlighting their ongoing involvement in the retail market in Lewisville.
Players
Lewisville 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