Bolour Associates Sells Medical Office Building In North Dallas At 12222 Coit Road
12222 Coit Rd Dallas, TX 75243, USA
Building Size
7,190 SF
Asset Type
Medical Office
Closing
Aug 9, 2023
AI
Bolour Associates has recently completed the sale of a medical office building located at 12222 Coit Road in North Dallas. The property spans a total of 7,190 square feet and is situated in a prime location within the Dallas market.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Address: 12222 Coit Road
- Market: Dallas
- Seller: Bolour Associates
Weitzman, a prominent brokerage firm, acted as the seller's representative in this transaction. Meanwhile, the undisclosed buyer was represented by NAI Robert Lynn. The identities of the buyer and other specific details regarding the transaction have not been revealed at this time.
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