SOLDRetail
Hudson Lambert Of STRIVE Represents Seller In Sale Of 11,000 Square Foot Retail Property In Flower Mound
3851 Long Prairie Road
Building Size
11,000 SF
Asset Type
Retail
Closing
Dec 17, 2024
AI
3851 Long Prairie Road is an 11,000-square-foot retail property located in Flower Mound, Texas. This asset was fully leased at the time of sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 3851 Long Prairie Road
- Market: Flower Mound
- Square Footage: 11,000
- Broker: Hudson Lambert - STRIVE
Hudson Lambert of STRIVE represented the undisclosed local investor seller in the transaction involving the Northwest Plaza property.
Players
Flower Mound 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