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:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 11,492
- Address: 9633 North Freeway
- Market: Fort Worth
- Brokers: Chris Gainey & Philip Levy - Marcus & Millichap
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
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