Updated Oct 29, 2024
CNP119, LLC Acquires Development Site On W Jefferson Blvd For $9.2M
3700 W Jefferson Blvd, Dallas, TX 75211, USA
$9,200,000
$35/SF
Building Size
256,000 SF
Asset Type
Development Site
Closing
Jun 2, 2020
About this deal
AI
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
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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93