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9633 North Freeway

Marcus & Millichap Sells Fully Leased Retail Center In Fort Worth With Chris Gainey And Philip Levy
SOLDRetail

Marcus & Millichap Sells Fully Leased Retail Center In Fort Worth With Chris Gainey And Philip Levy

9633 North Freeway

Building Size

11,492 SF

Asset Type

Retail

Closing

Jul 16, 2024

AI

Victory Shops at Heritage Trace IV is an 11,492-square-foot fully leased retail center located at 9633 North Freeway in Fort Worth. The property includes tenants such as Just Love Coffee Café, RevFit, Flossophy Dental Studio, and Big Chicken, all operating under triple-net leases. It is situated strategically across from a master-planned development that will integrate retail, office, and residential components.

Summary of transaction details:

Chris Gainey and Philip Levy represented the seller in this transaction, facilitating the sale through their agency, Marcus & Millichap. This transaction highlights their involvement in the retail market and their expertise in managing property sales.

Players

Chris Gainey

Marcus & Millichap

Broker

$9.8M

vol

14 deals

Broker

Fort Worth 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