Marcus & Millichap Capital Arranges $4.76M Loan For Richardson Office Building Conversion

An office building located at 1140 West Campbell Road in Richardson, Texas, has been acquired and is set to be renovated into a pre-school. The property spans approximately 10,000 square feet and is owned by Brytar Companies and EvCap Investment. With its strategic location in the Dallas-Fort Worth Metroplex and the growing population and corporate presence in the area, the office building is well-positioned to cater to the educational needs of the community.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $4,765,000
• Address: 1140 West Campbell Road
• Market: Richardson
• Landlord: Brytar Companies & EvCap Investment

The acquisition and renovation of the office building into a pre-school was made possible through a $4.76 million loan arranged by Marcus & Millichap Capital Corporation (MMCC), with Kevan McCormack representing MMCC in the deal. The financing provided by MMCC supports the development of Guidepost Montessori, the planned 10,000-square-foot school. This transaction reflects the investor's confidence in the potential of the property and the demand for quality educational facilities in the Richardson area.