A dentist and a daycare operator have scooped up two commercial properties in the Mid-Cities and Arlington in unrelated transactions to jumpstart this year for Coldwell Banker Commercial Advisors DFW.
The just-sold properties have closed within five days of each other. In Hurst, RAKS Real Estate LLC has acquired a 6,503-sf office building on a one-acre tract at 800 Forest Oaks Lane from Doug Tonne Investments LLC. In Arlington, TL Reeves Realty LLC has purchased a 7,572-sf single-story office building on 0.6 acres at 400 N. East St. from Monopoly Ltd.
The properties were vacated last year. In both cases, the former tenants share the same professions as the new owners, making it easier to obtain certificates of occupancy and get the new businesses up and running more quickly.
The Hurst property is situated across the highway from a new Walmart-anchored center and close to TX 121, 183 and Loop 820. The last tenant was a dentist, as is the buyer.
"It is a ready-to-go building in a redeveloping area," says Chris Mendez, vice president of Coldwell Banker Commercial Advisors DFW, who sold both properties.
In Arlington, the daycare operator is planning to install a sprinkler system and tailor former adult daycare space to its needs. The property is situated in the downtown commercial district.
"What made this building so attractive is it only needed a sprinkler system," Mendez says.
Jim Leebens of KW Commercial handled talks for the Arlington buyer, who closed the deal with SBA financing. Lalji Mansur of Re/Max represented the Hurst buyer in an all-cash transaction.
Founded in 1992 as SCM Real Estate Services Inc., Coldwell Banker Commercial Advisors DFW is a full-service commercial real estate firm providing clients with expert advice and strategies customized to their particular needs. Our services include investment sales, project leasing, property management, tenant representation.
SALES
Monopoly Ltd. has sold a 7,572-sf office building on 0.6 acres at 400 N. East St., Arlington, TX, to TL Reeves Realty LLC. Chris Mendez of Coldwell Banker Commercial Advisors DFW represented the seller. Jim Leebens of KW Commercial represented the buyer.
Doug Tonne Investments LLC has sold a 6,503-sf office building on one acre at 800 Forest Oaks Lane, Hurst, TX, to RAKS Real Estate I LLC. Chris Mendez of Coldwell Banker Commercial Advisors DFW represented the seller. Lalji Mansur of Re/Max represented the buyer.
Founded in 1992 as SCM Real Estate Services Inc., Coldwell Banker Commercial Advisors DFW is a full-service commercial real estate firm providing clients with expert advice and strategies customized to their particular needs. Our services include investment sales, project leasing, property management, tenant representation.
