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
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.
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