Bharat Sangani Of Encore Enterprises Inc. Acquires Medical Office In Dallas For $7M
16980 Dallas Parkway
$7,000,000
$114/SF
Building Size
61,356 SF
Asset Type
Medical Office
Closing
Jun 9, 2025
AI
Encore Enterprises acquired a 61,356-sf Class B medical office building at 16980 North Dallas Parkway in Dallas, for $7,000,000. The property encompasses 3.14 acres and is currently 58.2% leased. Encore will relocate its headquarters to this location while self-managing the asset.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $7,000,000
- Sale Price per Square Foot: $114
- Buyer: Bharat Sangani - Encore Enterprises Inc.
- Lender: Cadence Bank
- Market: Dallas
- Leased Percentage: 58.2%
Bharat Sangani represents Encore Enterprises in this transaction, emphasizing the company's strategic growth within its 27-property portfolio, marking its first acquisition of an office asset.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93