Northpoint III Sells to Rich Uncles

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.”

Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill in Newport Beach, CA. Follow this link for more information and to register for the conference. 

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