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10670 N US 75-Central Expy ...

Uhalt Investments Acquires Property At 10670 N US 75-Central Expy 1000 With Seller's Rep Creighton Stark
SOLD

Uhalt Investments Acquires Property At 10670 N US 75-Central Expy 1000 With Seller's Rep Creighton Stark

10670 N US 75-Central Expy 1000, Da...

Building Size

155,000 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is Search Plaza, a 155,000-square-foot office building located at 10670 N US 75-Central Expy 1000, Dallas. The building is positioned along the North Central Expressway in North Dallas. At the time of sale, the property was reported to be 91 percent leased.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Undisclosed
  • Address: 10670 N US 75-Central Expy 1000, Dallas
  • Square Footage: 155,000
  • Seller's Representative: Creighton Stark-Colliers International
  • Buyer: Uhalt Investments
  • Seller: Pillar Commercial

The deal was brokered by Creighton Stark and Chris Boyd of Colliers International. Following the sale, Pillar Commercial will maintain management and leasing responsibilities for the building.

Players

Creighton Stark

Colliers

Broker

9 deals

Broker
UI
Uhalt InvestmentsBuyer

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93