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6510 Abrams Rd, Dallas, TX,...

Updated Sep 15, 2024

Private Investor Acquires 72551 SF Property On 6510 Abrams Rd, Dallas
SOLD

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

About this deal

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.

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Players

Michael Tran

Colliers

Broker

4 deals

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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

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