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8201 Preston Road

Andrew Levy Of Endeavor Real Estate Group Acquires Preston Sherry Plaza Mixed-Use Property In Dallas
SOLDMixed-use

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

Andrew Levy

Endeavor Real Estate Group

Buyer

$394.7M

vol

8 deals

Buyer
Endeavor Real Estate Group
Endeavor Real Estate GroupBuyer

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