Ridgeline Capital Partners Acquires 44,045 SF Medical Office In Dallas From 2GR Equity
1151 North Buckner Boulevard
Building Size
44,045 SF
Asset Type
Medical Office
Closing
Dec 19, 2023
AI
Ridgeline Capital Partners, represented by Jeff Axley, has acquired The Professional Building I, a 44,045-square-foot medical office located at 1151 North Buckner Boulevard in Dallas. The Class B asset was 94% leased at the time of the deal and offers a variety of medical services. Additionally, the property features covered parking, controlled access, and two elevators.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not mentioned in CONTEXT
- Address: 1151 North Buckner Boulevard
- Market: Dallas
The buyer, Ridgeline Capital Partners, was represented by Jeff Axley, while the seller, 2GR Equity, was represented by David Gregory.
Players
Dallas Medical Office Market Snapshot
Boundary boundary · Medical Office · 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