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The assumed mortgage has a 6.02 percent coupon and matures in 2019. Pure said it expects the purchase price to reflect a going-in capitalization rate of 7.4 percent.
The buildings are at the northeast quadrant of North Central Expressway and Campbell Road. One building, with 203,000 sf, is leased to an AT&T subsidiary, while the other, with 115,000 sf, is occupied by MetroPCS Wireless.
56 percent leased; Hartman Short Term Income Properties XX Inc., a non-traded REIT that the Houston company registered in 2009, holds a 10 percent stake in the buying venture, and Hartman Short Term Income Properties XIX Inc., an investment company ...
Nortel will continue to occupy building under a 15-year bond-type, net lease.
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