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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.”

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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