Listed by Colonial Commercial Real Estate LLC
$7,345,000
Crème de la Crème Plaza
Details
APN 2556645 & 2556644
Property Type Retail
Sub Type Shopping Center
Square Footage 20,671
Units 8
Cap Rate 6.5%
NOI $477,401
Occupancy 100%
Price per SqFt $355
Broker Co-Op Yes
Year Built 2005 & 2006
Buildings 2
Investment Type Value Add
Ownership Fee Simple
Sale Condition For sale by owner
Allen, TX | $151,008 Avg. HH Income | 6.50% CAP | 20,671 SqFt
Investment highlights
High-Income, Growth-Oriented Submarket (3-Mile Radius)
Significant Mark-to-Market Rent Upside
100% Occupied | Diversified, Internet-Resistant Tenant Mix
Located Along W. McDermott Drive (±37,453 VPD)
Adjacent to Kroger-Anchored Retail
Dense Residential and School-Driven Trade Area
Listing Contacts
Listed by Colonial Commercial Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$477,401.00
$39,783.42/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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