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
About this deal
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.
On the Map
Retail
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Players
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