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8302 Abrams Rd Dallas, TX 7...

AJ&E Realty Acquires 2,800 Sq Ft Retail Property In Dallas For $2.992M
SOLDRetail

AJ&E Realty Acquires 2,800 Sq Ft Retail Property In Dallas For $2.992M

8302 Abrams Rd Dallas, TX 75243, USA

$2,992,000

$1,068/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Jul 12, 2023

AI

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.

Players

Adam Silber

Silber Investment Properties

Broker

$36.9M

vol

7 deals

Broker

Texas 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

5.30%

Cash-on-Cash

-1.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93