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
Euless Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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