Exeter Property Group Acquires Office Building In Richardson From Beltway Commercial Real Estate
2301 North Greenville Avenue, Richardson, TX, USA
Building Size
251,332 SF
Asset Type
Office
Closing
Jan 25, 2021
About this deal
AI
An office property located at 2301 North Greenville Avenue in Richardson has been sold in a recent transaction. The property, spanning a total of 251,332 square feet, was acquired by Exeter Property Group from Beltway Commercial Real Estate. The sale was facilitated by broker representatives Scot Farber and Tom Strohbehn from Younger Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2301 North Greenville Avenue
- Market: Richardson
- Square Footage: 251,332 SF
Scot Farber and Tom Strohbehn, representing Younger Partners, played key roles in bringing together the buyer, Exeter Property Group, and the seller, Beltway Commercial Real Estate, for this successful transaction.
On the Map
Office
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Richardson Office Market Snapshot
Boundary boundary · Office · 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