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8251 Bedford Euless Road

Debbie Mullins Of Ready Real Estate Represents Buyer In Sale At 8251 Bedford Euless Rd
SOLDRetail

Debbie Mullins Of Ready Real Estate Represents Buyer In Sale At 8251 Bedford Euless Rd

8251 Bedford Euless Road

Building Size

85,000 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

Richland Commons is an 85,000-square-foot freestanding retail property located at 8251 Bedford Euless Road in North Richland Hills, Texas. The property, which was formerly leased to Haverty’s Furniture, is situated along Loop 820 on a 4.3-acre site and is positioned approximately 10 miles northeast of Fort Worth.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Unknown
  • Square Footage: 85,000
  • Address: 8251 Bedford Euless Rd, North Richland Hills, Texas
  • Market: North
  • Buyer’s Representative: Debbie Mullins - Ready Real Estate
  • Buyer: Unknown
  • Seller: Unknown
  • Seller's Representatives: Michael Ytem and Robert Grunnah - Younger Partners

The transaction involved key representatives from Younger Partners, with Michael Ytem and Robert Grunnah representing the undisclosed seller. Meanwhile, the buyer, a local investor, was represented by Debbie Mullins from Ready Real Estate.

Players

Michael Ytem

Younger Partners

Broker

8 deals

Broker

North Richland Hills 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