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February 2nd, 2010, 11:55 PM
Investment Highlights
A true upside opportunity, Richland Centre is an REO power center with assumable financing at 5.765%
Strategically located at the convergence of three primary freeways, Richland Centre is situated along Loop Highway 820 across from the popular North East Mall.
The Property is being offered at a price well below the current market value of a performing asset of this type: $68.83 PSF to the building and only $14.99 PSF to the land.
The City of North Richland Hills will consider several tax advantages for this asset.
http://pcg.cbre.com/
Investment Summary
Price.............................$16,000,000
Price PSF......................$68.83
In-Place NOI..................$747,681
Occupancy...................37.9%
Year Built......................1993
A true upside opportunity, Richland Centre is an REO power center with assumable financing at 5.765%
Strategically located at the convergence of three primary freeways, Richland Centre is situated along Loop Highway 820 across from the popular North East Mall.
The Property is being offered at a price well below the current market value of a performing asset of this type: $68.83 PSF to the building and only $14.99 PSF to the land.
The City of North Richland Hills will consider several tax advantages for this asset.
http://pcg.cbre.com/
Investment Summary
Price.............................$16,000,000
Price PSF......................$68.83
In-Place NOI..................$747,681
Occupancy...................37.9%
Year Built......................1993