October 2, 2018
Rich Uncles NNN REIT, a private real estate investment trust, acquired Northpoint III, a two-story, 34,794-square-foot medical office building in Dallas. The facility at 9250 Amberton Pkwy. is situated on 2.7 acres, and is 100% occupied by Texas Health Resources through a net-lease agreement.
Sean Fulp, Garth Hogan, Ryan Plummer and Mark Schuessler with NKF represented the seller, L&R Northpoint Holdings LLC of Irvine, CA. The Southern California buyer was self-represented.
“Northpoint III was an attractive investment as it presented the opportunity to acquire a well-located asset with a credit tenant that has made a long-term investment in the location,” Plummer said. “The buyer preempted the marketing process after receiving an early release of the offering because its acquisition criteria was up-to-date with the team.”
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