facebook
Traded Co logo
Submit
Daily limit: 0/10

Reuben Berman Of Entrada Partners Acquires Richardson Tech Center From Alan Hartman For $8.6M

Property Image
SOLD

Texas

See Similar Deals
Mixed-use
Sold 09/04/2024
the dealplayerscompscontact
Property Image
SOLD

Reuben Berman Of Entrada Partners Acquires Richardson Tech Center From Alan Hartman For $8.6M

651 North Plano Road

See Similar Deals
Mixed-use
Sold 09/04/2024
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Transaction Type:Sale

The transaction involved the sale of a mixed-use asset located at 651 North Plano Road in the Richardson market. The property, known as Richardson Tech Center, consists of four buildings and was previously purchased for $5 million in 2018. The current market value is noted at $8.6 million.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not disclosed
  • Buyer: Reuben Berman - Entrada Partners
  • Seller: Alan Hartman - Hartman Properties
  • Lender: Zions Bancorporation

Alan Hartman's Hartman Properties facilitated the sale to an entity linked with Entrada Partners, reflecting a significant increase in property value since the original purchase.

Players

Zions Bancorporation
Zions Bancorporation
LENDER

Details

SOLD
IMAGE: Reuben Berman & Alan Hartman DATE: 09/04/2024 ADDRESS: 651 North Plano Road MARKET: Richardson ASSET TYPE: Mixed-use BUYER: Reuben Berman - Entrada Partners SELLER: Alan Hartman - Hartman Properties LENDER: Zions Bancorporation NOTE: Alan Hartman's Hartman Properties sold Richardson Tech Center, a four-building business park in Richardson, to an entity linked with Entrada Partners. The sale price was not disclosed, but Hartman’s firm noted it was nearly double the $5 million paid for the property in 2018, which is now valued at $8.6 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00