Wolfe Investments Acquires Mixed-Use Property In Dallas From Berkshire Group
400 North Ervay Street, Dallas, TX 75201, USA
Building Size
2,212 SF
Asset Type
Mixed-use
Closing
Apr 4, 2021
AI
A mixed-use property located at 400 N. Ervay St in Dallas was recently sold in a closed transaction. The property, featuring a combination of residential and commercial spaces, changed ownership on 04/05/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 04/05/2021
- Address: 400 N. Ervay St
- Market: Dallas
The seller of the property was Berkshire Group, represented by Alan King and Tom Rucker. On the other hand, the buyer was Wolfe Investments LLC, represented by Kenny Wolfe and Coy Christensen.
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