Randy Blankstein & Jimmy Goodman Acquire Frisco Retail Property For $3.15M
7808 Preston Road, Frisco, TX, USA
$3,150,000
$466/SF
Building Size
6,759 SF
Asset Type
Retail
Closing
Apr 14, 2021
About this deal
AI
7808 Preston Road, a retail property located in Frisco, was recently sold for a transaction amount of $3,150,000. The property spans across 6,759 square feet, resulting in a price per square foot of $466. The sale took place on April 15, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,150,000
- Address: 7808 Preston Road
- Market: Frisco
- Size: 6,759 square feet
- Price per Square Foot: $466
Randy Blankstein and Jimmy Goodman from The Boulder Group served as the brokers for this transaction.
Players
Frisco 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93