Savlan Capital Acquires Medical Office In Dallas, TX & Richmond, VA For $26M
SOLD
$26,000,000
+ 2
Texas
See Similar Deals163,484 SF
Sold 02/14/2022
SOLD
Savlan Capital Acquires Medical Office In Dallas, TX & Richmond, VA For $26M
9250 Amberton Parkway, Dallas, Texas 75243, United States
See Similar Deals163,484 SF
Sold 02/14/2022
+ 2
Summary
TEXAS
Price Per Square Foot:$159
Total Square Footage:163,484 SF
Transaction Type:Sale
A medical office property located at 9250 Amberton Parkway in Dallas, TX and 8575 & 8580 Magellan Parkway in Richmond, VA has been sold for a price of $26,000,000. The property spans a total of 163,484 square feet, resulting in a price per square foot of $159. The transaction took place on February 14, 2022.
Summary of transaction details
- Property Type: Medical Office
- Sale Price: $26,000,000
- Square Footage: 163,484
- Price per Square Foot: $159
- Address: 9250 Amberton Parkway, Dallas, TX & 8575 & 8580 Magellan Parkway, Richmond, VA
- Buyer: Savlan Capital - Zusha Tenenbaum
- Seller: Modiv
- Brokers: Joe Massa, Anthony Lunceford, Thomas Fakharzadeh & Michael Grenaway - Institutional Property Advisors (IPA)
The buyer in this transaction was Savlan Capital, represented by Zusha Tenenbaum. The seller was Modiv. The deal was facilitated by brokers Joe Massa, Anthony Lunceford, Thomas Fakharzadeh, and Michael Grenaway from Institutional Property Advisors (IPA).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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