Savlan Capital Acquires Medical Office In Dallas, TX & Richmond, VA For $26M
9250 Amberton Parkway, Dallas, Texas 75243, United States
$26,000,000
$159/SF
Building Size
163,484 SF
Asset Type
—
Closing
Feb 13, 2022
About this deal
AI
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).
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93