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1151 North Buckner Boulevard

Ridgeline Capital Partners Acquires 44,045 SF Medical Office In Dallas From 2GR Equity
SOLDMedical Office

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

Jeff Axley

Buyer

2 deals

Buyer
RL
Ridgeline Capital Partners, LLCBuyer

Dallas Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

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