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
Lewisville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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