Granite And Highwoods Acquire Mixed-Use Property In Dallas For $394.7M
2021 Mckinney Ave, Dallas, Texas 75201, United States
$394,700,000
$630,511/SF
Building Size
626 SF
Asset Type
Mixed-use
Closing
Dec 16, 2022
About this deal
AI
This mixed-use property located at 2021 McKinney Ave in Dallas has been sold for $394,700,000. The transaction took place on December 16, 2022. With a total square footage of 626,215, the sale price per square foot came out to be $630. The property is a mixed-use asset situated in the market of Dallas.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $394,700,000
- Address: 2021 McKinney Ave
- Market: Dallas
- Square Footage: 626,215
The buyer of this property was Granite Properties represented by Will Hendrickson, and Highwoods Properties represented by Ted Klinck. The seller included Crescent Real Estate and J.P. Morgan Asset Management. The deal was facilitated by Andrew Levy and Todd Savage from JLL.
On the Map
$394,700,000
$630,511/SF
Mixed-use
View full map
Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Todd Savage to view all their deals.
Browse Texas mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93