Updated Dec 4, 2024
503 Riverfront Acquires Development Site On South Riverfront Boulevard From Jiffy Properties
503 South Riverfront Boulevard
Building Size
—
Asset Type
Development Site
Closing
Jul 19, 2024
About this deal
AI
The property at 503 South Riverfront Boulevard is a development site located in Dallas, spanning a total area of 1.81 acres with a building square footage of 79,115. The transaction took place on July 19, 2024, between the buyer, 503 Riverfront, and the seller, Jiffy Properties.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 503 South Riverfront Boulevard
- Market: Dallas
- Building Square Footage: 79,115
- Acres: 1.81
- Buyer: 503 Riverfront
- Seller: Jiffy Properties
- Broker 1: Patrick Hunt - Trinity Southwest Commercial Real Estate
- Broker 2: Henry Knapek - Transwestern
Patrick Hunt and Henry Knapek were the brokers involved in facilitating the transaction, representing the buyer and seller, respectively. Each broker is associated with their respective agencies, aiding in the successful completion of the sale.
On the Map
Development Site
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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