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503 South Riverfront Boulevard

503 Riverfront Acquires Development Site On South Riverfront Boulevard From Jiffy Properties
SOLDDevelopment Site

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

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:

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.

Players

Patrick Hunt

Trinity Southwest Commercial Real Estate

Broker

11 deals

Broker

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