SOLDMixed-use
Bhavin Patel Purchases Mixed-use Property At 701 Commerce Street Dallas From Matt Goebel
701 Commerce Street
Building Size
56,125 SF
Asset Type
Mixed-use
Closing
Aug 21, 2026
About this deal
AI
The asset involved in the transaction is a mixed-use property located at 701 Commerce Street, Dallas. It encompasses a total square footage of 56,125. The transaction has taken place in a prominent market area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Buyer: Bhavin Patel
- Seller: Matt Goebel
- Brokers: Eric Guerrero & Matt Almy - HVS Brokerage & Advisory
- Transaction Date: 08/21/2026
Key individuals involved in the transaction include Bhavin Patel as the buyer and Matt Goebel as the seller, facilitating the transfer of ownership of the property. The brokers representing this transaction are Eric Guerrero and Matt Almy from HVS Brokerage & Advisory, who played a vital role in the closing process.
On the Map
Mixed-use
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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