R2R Capital Sells 9.34 Acre Development Site In Dallas
1545 West Mockingbird Lane
Building Size
—
Asset Type
Development Site
Closing
Feb 22, 2024
AI
The property involved in the transaction is a Development Site spanning 9.34 acres, located at 1545 West Mockingbird Lane in Dallas. The seller of this asset was R2R Capital. The deal was facilitated by brokers Cullen Finnegan & Patrick Hunt from Trinity Southwest Commercial Real Estate, based in the Dallas-Fort Worth metroplex.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 1545 West Mockingbird Lane
- Market: Dallas
- Asset Type: Development Site
- Acres: 9.34
- Seller: R2R Capital
- Brokers: Cullen Finnegan & Patrick Hunt - Trinity Southwest Commercial Real Estate
Trinity Southwest is a commercial real estate brokerage and advisory firm specializing in the sale of various property types across Texas, including Land, Industrial, Office, Retail, Adaptive Reuse, and Income properties.
Players
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