Venture Investment Partners Acquires Mixed-Use Property In Richardson From Standridge Companies
2600 Shire Blvd, Richardson, TX 75082
Building Size
83,256 SF
Asset Type
Mixed-use
Closing
Jul 13, 2022
AI
A mixed-use property located at 2600, 3610, 3650 Shire Blvd. & 2121 Infocom Dr in Richardson has been sold. The property spans across 6.22 acres and has a total square footage of 83,256. The transaction took place on 07/14/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Address: 2600, 3610, 3650 Shire Blvd. & 2121 Infocom Dr
- Market: Richardson
- Size: 83,256 SF
- Acreage: 6.22 acres
The buyer of the property is Venture Investment Partners, while the seller is Standridge Companies. The deal was facilitated by Adam Howells, Barry Brown, Jack Copher & Beth Copeland from the agency JLL.
Players
Richardson Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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