Andrew Levy Of Endeavor Real Estate Group Acquires Preston Sherry Plaza Mixed-Use Property In Dallas
8201 Preston Road
Building Size
—
Asset Type
Mixed-use
Closing
Sep 4, 2025
AI
The Preston Sherry Plaza is a mixed-use property located at 8201 Preston Road in Dallas, currently 93% occupied with tenants including Frost Bank and medical practices. The seven-story building underwent renovations in 2024 and is set for further upgrades under new management by Endeavor Real Estate Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Buyer: Andrew Levy - Endeavor Real Estate Group
- Market: Dallas
Andrew Levy, representing Endeavor Real Estate Group, has facilitated the acquisition of the mixed-use asset as part of a strategic expansion into the Dallas-Fort Worth market, which encompasses a broader portfolio worth $5.6 billion. The property's renovation and planned upgrades align with Endeavor's management objectives.
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