For more retail coverage, clickGlobeSt.com/RETAIL.
RICHARDSON, TX-A private investor from San Francisco has shelledout $463 per sf for a 10,657-sf Quik-Way convenience store at thehard corner of a primary intersection.
The Quik-Way center at 3601 N. Jupiter Rd. in Richardson was onthe market 10 days when the seller, also the developer, took anoffer that beat the asking price, Jason Vitorino with Marcus &Millichap in Dallas tells GlobeSt.com. "They came in all cash andno financing," he says, adding the buyer's plan is to park the cashfor a few years and "then cash out." The asset sold with a low 8%cap rate.
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