Richland Commons Acquires 85,000 SF Office On Bedford Euless Road In North Richland Hills
8251 Bedford Euless Rd, North Richland Hills, TX 76180, USA
Building Size
850,000 SF
Asset Type
Office
Closing
Jun 17, 2020
About this deal
AI
The office property located at 8251 Bedford Euless Road, in North Richland Hills, has been sold. The property spans a total of 85,000 square feet. The transaction took place on June 18, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
The buyer of the property is Richland Commons. The deal was facilitated by three brokers: Michael Ytem and Robert Grunnah from Younger Partners, and Debbie Mullins from Ready Real Estate.
Traded’s record for 8251 Bedford Euless Rd, North Richland Hills, TX 76180, USA in North Richland Hills, Texas covers a office sale from 2020. The building is 850,000 square feet, implying about 0 per square foot on the published price. Robert Grunnah, Michael Ytem, Younger Partners appear on the sale alongside Younger Partners. This page is the North Richland Hills, Texas file for the 8251 Bedford Euless Rd, North Richland Hills, TX 76180, USA office sold: pricing, party profiles, and other closed office comps from the same North Richland Hills sit in the Market section below. Filter that North Richland Hills office set by closing date to see what else sold near 8251 Bedford Euless Rd, North Richland Hills, TX 76180, USA around 2020. Cite this Richland Commons Acquires 85,000 SF Office On Bedford Euless Road In North Richland Hills sale when underwriting similar office product around North Richland Hills, Texas.
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North Richland Hills Office Market Snapshot
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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