Updated Oct 28, 2024
Dallas County Medical Society Sells Development Site In Oak Cliff, Dallas
132 East 12th Street, Dallas, Texas 75203, United States
Building Size
—
Asset Type
Development Site
Closing
Feb 23, 2022
About this deal
AI
A development site in Oak Cliff, Dallas has been sold in a recent transaction. The property, located at 132-140 E 12th St, covers an area of approximately 2.07 acres. The sale of this development site presents an opportunity for potential development in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not provided
- Address: 132-140 E 12th St
- Market: Oak Cliff, Dallas
- Acres: 2.07
The seller of the property is the Dallas County Medical Society. The transaction was facilitated by brokers Joe Santelli and Brett Budde from Marcus & Millichap. Their expertise and experience in the real estate market played a crucial role in completing this deal. The involvement of these brokers signifies the commitment of the parties involved in ensuring a successful transaction.
On the Map
Development Site
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Dallas Development Site Market Snapshot
Boundary boundary · Development Site · 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