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AJ&E Realty Acquires 2,800 Sq Ft Retail Property In Dallas For $2.992M
SOLD
$2,992,000
Texas
See Similar DealsRetail2,800 SF
Sold 07/12/2023
SOLD
AJ&E Realty Acquires 2,800 Sq Ft Retail Property In Dallas For $2.992M
8302 Abrams Rd Dallas, TX 75243, USA
See Similar DealsRetail2,800 SF
Sold 07/12/2023
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$1,068
Total Square Footage:2,800 SF
Transaction Type:Sale
AJ&E Realty, an affiliate of Petrakis Realty Group, has acquired a retail property located at 8302 Abrams Road in Dallas. The property spans 1.05 acres and features a 2,800 square foot building. The transaction, facilitated by brokers Adam Silber and Nicolas Anzalone of Silber Investment Properties, involved a sale price of $2,992,000. The property is net-leased to 7-Eleven and includes 10 gas pumps.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,992,000
- Address: 8302 Abrams Road, Dallas
- Market: Dallas
- Acres: 1.05
- Buyer: AJ&E Realty - Petrakis Realty Group
- Seller: Town Creek-Exxon Ltd
- Brokers: Adam Silber & Nicolas Anzalone - Silber Investment Properties
- Square Footage: 2,800
- Price per Square Foot: $1,069
The acquisition of this retail property in Dallas was orchestrated by AJ&E Realty, an affiliated entity of Petrakis Realty Group. The deal was managed by brokers Adam Silber and Nicolas Anzalone from Silber Investment Properties. The property boasts a net-lease agreement with 7-Eleven and includes an amenity of 10 gas pumps.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$159,573.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,629.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,183.61
Annual Debt Service$170,203.28
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