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
Plano 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