LFP Properties Inc. Acquires Office Building In North Richland Hills From Real Estate Cowboys Holdings LLC
4109 City Point Drive, North Richland Hills, TX, USA
Building Size
15,365 SF
Asset Type
Office
Closing
Nov 15, 2021
AI
A 1.5-acre office property located at 4109 City Point Dr in North Richland Hills has been sold. The property spans 15,365 square feet and was sold on 11/15/2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- ACRES: 1.5
- SF: 15,365
- Address: 4109 City Point Dr
- Market: North Richland Hills
The buyer of the property is LFP Properties Inc., represented by Erik Blais from Bradford Commercial Real Estate Services. The seller, Real Estate Cowboys Holdings LLC, was represented by Phillip Maxwell from Glacier Commercial Realty.
Players
North Richland Hills 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