CNP119, LLC Acquires Development Site On W Jefferson Blvd For $9.2M
SOLD
$9,200,000
Texas
See Similar DealsDevelopment Site256,000 SF
Sold 06/03/2020
SOLD
CNP119, LLC Acquires Development Site On W Jefferson Blvd For $9.2M
3700 W Jefferson Blvd, Dallas, TX 75211, USA
See Similar DealsDevelopment Site256,000 SF
Sold 06/03/2020
Summary
TEXAS
Asset Type:Development Site
Price Per Square Foot:$35
Total Square Footage:256,000 SF
Transaction Type:Sale
A development site located at 3700 W Jefferson Blvd has been sold for $9,200,000. The property spans a total of 25,600 square feet and was purchased by CNP119, LLC. The seller, George Saadian, was represented by J. Austin Russell in the transaction.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $9,200,000
- Address: 3700 W Jefferson Blvd
- Buyer: CNP119, LLC
- Seller: George Saadian
- Broker: J. Austin Russell
J. Austin Russell from an undisclosed agency represented George Saadian in the sale of the development site at 3700 W Jefferson Blvd. This transaction marks a significant deal in the real estate market.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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