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2301 North Greenville Avenu...

Exeter Property Group Acquires Office Building In Richardson From Beltway Commercial Real Estate
SOLDOffice

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

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.

Players

Tom Strohbehn

Young Partners

Broker

4 deals

Broker
Exeter Property Group
Exeter Property GroupBuyer

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