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East Round Grove Road, Lewi...

Lewisville Retail Property Sold On E Round Grove Rd For $Undisclosed Million By Lamar Companies & Real Capital Solutions - Weitzman Brokers Represent Seller
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Lewisville Retail Property Sold On E Round Grove Rd For $Undisclosed Million By Lamar Companies & Real Capital Solutions - Weitzman Brokers Represent Seller

East Round Grove Road, Lewisville, TX 75067

Building Size

74,837 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

The retail property located on E Round Grove Rd in Lewisville has been sold in a recent transaction. The property spans over 74,837 square feet, making it a sizable asset in the market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: E Round Grove Rd
  • Market: Lewisville
  • Size: 74,837 square feet

The sellers involved in this transaction are Lamar Companies, represented by Charles W. Lamar, and Real Capital Solutions, represented by Marcel Arsenault.

The deal was facilitated by brokers Matthew Rosenfeld, Kevin Butkus, and Giovanni Scardino from Weitzman. These professionals played a key role in the successful completion of the transaction.

Players

Matthew Rosenfeld

Broker

8 deals

Broker

Lewisville 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