Private Investor Acquires 55867 SF Property At 9205 Skillman St Dallas With Seller's Rep Joe Santelli
9205 Skillman St, Dallas, TX, 75243
Building Size
55,867 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is a retail asset located at 9205 Skillman St, Dallas, TX, 75243. The total square footage of the property is 55,867. Skillman Centre was built in 1982 and was 66 percent leased at the time of sale, contributing to its market presence in Dallas.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 9205 Skillman St, Dallas, TX, 75243
- Market: Dallas
- SF: 55,867
- Seller's Representative: Joe Santelli - Marcus & Millichap
- Buyer: Private Investor
- Seller: Not disclosed
Joe Santelli of Marcus & Millichap represented the seller and successfully procured the buyer, both of whom are private investors that requested anonymity throughout the transaction.
On the Map
Retail
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Players
Dallas 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