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4801 West Pioneer Parkway

Jared Westmoreland Acquires Exxon Gas Station In Arlington From Naresh Pandey
SOLDRetail

Jared Westmoreland Acquires Exxon Gas Station In Arlington From Naresh Pandey

4801 West Pioneer Parkway

Building Size

3,265 SF

Asset Type

Retail

Closing

Jan 13, 2025

AI

The property involved in this transaction is a retail asset located at 4801 West Pioneer Parkway in Arlington, Texas. The property encompasses 3,265 square feet situated on a 1.03-acre lot at a high-traffic intersection, which is poised for redevelopment.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Buyer: Jared Westmoreland
  • Seller: Naresh Pandey
  • Broker: Jacob Luna - Marcus & Millichap
  • Date of Transaction: 01/13/2025
  • Market: Arlington

This transaction was facilitated by Jacob Luna of Marcus & Millichap, who represents DFW Land Holdings in this successful closing of the Exxon gas station property in Arlington, Texas, indicating a focus on future redevelopment possibilities in the area.

Players

Jacob Luna

Marcus & Millichap

Broker

$66M

vol

12 deals

Broker

Arlington 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