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
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