EULESS, TX-The four-building Euless Main Village has been sold to an Arlington family for about $1.5 million in a turnaround of 1031 Exchange capital from a land sale in nearby Mansfield.

The seller is a Fort Worth-area private investment group that’s owned the 29,878-sf, class B complex for nearly seven years. The 82%-occupied office complex at 412-418 N. Euless Main sold with a cap rate north of 11%, Gary Walker, president of SCM Real Estate Services in Arlington, tells GlobeSt.com. He and SCM’s Beaux Riley represented the seller, the Village People, and John Vakrinos, an independent broker from Arlington handled talks for the buyer, a family partnership that teamed cash with a $300,000 bank loan.

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