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724 West Main Street

Valley Square Shopping Center Sold In Lewisville With David Disney And DuWest Realty As Representatives
SOLDRetail

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.

Players

David Disney

Disney Investment Group

Broker

$82.2M

vol

14 deals

Broker

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