Related Acquires Dallas Office Building On North Dallas Parkway For $65.4M
14201 Dallas Parkway, Dallas, TX, USA
$65,400,000
$175/SF
Building Size
372,000 SF
Asset Type
Office
Closing
Aug 17, 2020
About this deal
AI
The Related Cos. has acquired an office property located at 14201 North Dallas Parkway in Dallas. The property spans 372,000 square feet and was purchased on August 17, 2021. The acquisition was financed by a loan from Bank of America, amounting to $65,400,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65,400,000
- Address: 14201 North Dallas Parkway, Dallas
- Market: Dallas
- Square Footage: 372,000
Stephen Ross and Jeff Blau, as represented by The Related Cos., were involved in this real estate transaction. The loan, provided by Bank of America, played a crucial role in financing the acquisition.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93