SOLDRetail
Jolink Wallace Purchases Retail Property From De La Vega Capital In Hurst, Texas
924 Northeast Loop 820
Building Size
16,938 SF
Asset Type
Retail
Closing
Nov 6, 2024
About this deal
AI
The property asset sold is a freestanding retail building located at 924 Northeast Loop 820 in Hurst, Texas. It encompasses a total area of 16,938 square feet and sits on a 1.5-acre lot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Jolink Wallace
- Seller: De La Vega Capital
- Seller's Representative: Giancarlo "GC" Carriero, CCIM - DuWest Realty
- Buyer’s Intent: Redevelopment for a Boot Barn store
DuWest Realty represented the seller, De La Vega Capital, in this transaction, while Jolink Wallace is the buyer who plans to redevelop the site.
On the Map
Retail
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Players
Hurst 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