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755 East State Highway 121

Marcus & Millichap Facilitates Sale Of 21,298 Square Foot Retail Property In Lewisville
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Marcus & Millichap Facilitates Sale Of 21,298 Square Foot Retail Property In Lewisville

755 East State Highway 121

Building Size

21,298 SF

Asset Type

Retail

Closing

Nov 22, 2024

AI

Lake Vista Center is a retail property located at 755 TX Highway 121 Bypass in Lewisville, Texas. The asset spans 21,298 square feet and includes tenants such as Tiff’s Treats and 4Thirteen Kitchen, enhancing its appeal in the market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Transaction Date: 11/22/2024
  • Address: 755 TX Highway 121 Bypass
  • Market: Lewisville
  • Square Footage: 21,298

Chris Gainey and Philip Levy of Marcus & Millichap were the brokers representing the seller in this transaction, playing a critical role in the facilitation of the sale.

Players

Chris Gainey

Marcus & Millichap

Broker

$9.8M

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