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
About this deal
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.
On the Map
Retail
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Players
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