Marcus & Millichap Brokers Sale Of 13265 Square Foot Mixed-Use Building In Uptown Dallas
3203 Mckinney Avenue
Building Size
13,265 SF
Asset Type
Mixed-use
Closing
Nov 21, 2024
About this deal
AI
A 13,265-square-foot mixed-use building located at 3203 McKinney Avenue in Uptown Dallas has been sold. The property comprises 5,829 square feet of office and retail space alongside 7,436 square feet of residential space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Square Footage: 13,265
- Address: 3203 McKinney Avenue
- Market: Uptown Dallas
- Buyer: Anonymous
- Seller: Anonymous
The transaction was brokered by Joe Santelli from Marcus & Millichap, representing the interests of the involved parties while keeping their identities confidential.
Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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