Ron Stumpf Acquires Retail Property In Duncanville, Dallas - Fort Worth For $8.6M
750 West Wheatland Road, Duncanville, Texas 75116, United States
$8,600,000
$588/SF
Building Size
14,604 SF
Asset Type
Retail
Closing
Mar 10, 2022
AI
A retail property located at 750 W Wheatland Rd in Duncanville, Dallas - Fort Worth, Texas has been sold for $8,600,000. The property has a total square footage of 14,604. The transaction took place on March 11, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,600,000
- Address: 750 W Wheatland Rd
- Market: Duncanville, Dallas - Fort Worth
- Square Footage: 14,604
The buyer of the property is Ron Stumpf, while the seller is Paul Celler. The transaction was facilitated by brokers Lior Regenstreif and Ryan Jaama from Marcus & Millichap.
According to the note from the broker, the property has a long-term NNN lease in Texas.
Players
Duncanville 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93