Valley Square Shopping Center Sold In Lewisville With David Disney And DuWest Realty As Representatives
724 West Main Street
Building Size
58,000 SF
Asset Type
Retail
Closing
Oct 11, 2024
AI
The transaction involved the sale of a retail property located at 724 West Main Street in Lewisville. The asset type is retail, encompassing a total square footage of 58,000. The property is valued at over $7.8 million and includes several tenants such as Sports Clips, Cicis Pizza, and Sherwin Williams. Notably, the sale excluded the recently opened Fiesta Mart.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7.8 million
- Address: 724 West Main Street
- Market: Lewisville
- Square Footage: 58,000
- Seller: LRIC Properties
- Buyer’s Representative: DuWest Realty
- Seller’s Representative: David Disney - Disney Investment Group
In this transaction, David Disney from Disney Investment Group represented the seller, LRIC Properties. The buyer remains undisclosed, and the sale was specifically for the Valley Square shopping center. The active management of the deal highlights the role of the involved brokerage firms in facilitating the transaction.
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