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2701 Rio Grande Boulevard, ...

Big V Property Group Acquires 560,000 SF Retail Space In Euless From Iron Point & North Rock
SOLDRetail

Big V Property Group Acquires 560,000 SF Retail Space In Euless From Iron Point & North Rock

2701 Rio Grande Boulevard, Euless, Texas 76039, United States

Building Size

560,000 SF

Asset Type

Retail

Closing

Jul 4, 2022

AI

A retail property located at 2701 Rio Grande Blvd in Euless has been sold. The property spans across 560,000 square feet with a total of 53 acres. The transaction was completed on 07/05/2022.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2701 Rio Grande Blvd
  • Market: Euless
  • Square Footage: 560,000
  • Acres: 53

The buyer of the property was Big V Property Group, represented by Jeffrey Rosenberg. The seller of the property was Iron Point and North Rock. The deal was facilitated by Barry Brown, Chris Gerard, Ryan Shore, Greyson Fewin, and Matthew Barge from JLL Capital Markets.

Players

Chris Gerard

JLL

Broker

$115M

vol

30 deals

Broker
Jeffery Rosenberg

Jeffery Rosenberg

Big V Property Group

Buyer

$410.7M

vol

5 deals

Buyer

Euless Retail Market Snapshot

Boundary boundary · Retail · 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