Life Schools Acquires Mixed-Use Property In Dallas For $Undisclosed
330 Ann Arbor Avenue
Building Size
82,098 SF
Asset Type
Mixed-use
Closing
Oct 12, 2023
AI
The property at 330 Ann Arbor Avenue in Dallas has been sold. The mixed-use asset spans a total of 11.91 acres and comprises five buildings with a combined area of 82,098 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Square Footage: 82,098
- Address: 330 Ann Arbor Avenue
- Market: Dallas
- Acres: 11.91
Life Schools has acquired the property, with Ally Tanghongs and George Tanghongs from Lee & Associates acting as the brokers in the deal.
Note from brokers: The property consists of five buildings with a total area of 82,098 square feet, all within the 11.91-acre site.
Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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