Private Investor Acquires 72551 SF Property On 6510 Abrams Rd, Dallas
6510 Abrams Rd, Dallas, TX, 75231
Building Size
72,551 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property asset involved in the transaction is a 72,551-square-foot office building located at 6510 Abrams Rd, Dallas, TX, 75231. The building was constructed in 1981 and includes executive suites. Notably, it has undergone numerous renovations in the past five years, enhancing its features and overall appeal. The market for this property is Dallas.
Summary of transation details:
- Property Type: Office Building
- Transaction Amount: Not Specified
- Address: 6510 Abrams Rd, Dallas, TX, 75231
- Market: Dallas
- Seller's Representative: Michael Tran-Colliers International
- Buyer: Private Investor
The transaction was facilitated by Cody Payne and Michael Tran of Colliers International, who represented the seller in this deal. Both the seller and buyer requested to remain anonymous, indicating a preference for privacy during the transaction.
Players
Dallas 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