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410 North Coit Road

Edge Capital Markets Brokers Sale Of Promenade North Plaza In Richardson For 59,355 SF Retail
SOLDRetail

Edge Capital Markets Brokers Sale Of Promenade North Plaza In Richardson For 59,355 SF Retail

410 North Coit Road, 420 North Coit Road, 510 North Coit Road, 600 North Coit Road, 620 North Coit Road & 630 North Coit Road

Building Size

356,130 SF

Asset Type

Retail

Closing

Oct 29, 2025

AI

The property asset involved in the transaction is Promenade North Plaza, a retail shopping center located at 410, 420, 510, 600, 620, and 630 North Coit Road in Richardson, Texas. The property encompasses a total of 59,355 square feet and is situated on 4.3 acres. At the time of sale, the property was 93% leased.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Disclosed
  • Square Footage: 59,355
  • Address: 410, 420, 510, 600, 620, & 630 North Coit Road
  • Market: Richardson
  • Acres: 4.3
  • Brokers: Brandon Beeson & John David Cobb - Edge Realty Partners

Brandon Beeson and John David Cobb represented the undisclosed seller in this transaction. Edge Capital Markets was involved in brokering the sale of the property.

Players

Brandon Beeson

Edge Realty Partners

Broker

2 deals

Broker
Edge Realty Partners
Edge Realty PartnersBrokerage

Plano 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