Fortis Property Group Refinances Office Building In Dallas For $188M
2200 Ross Avenue, Dallas, TX, USA
$188,000,000
$144/SF
Building Size
1,300,000 SF
Asset Type
Office
Closing
Sep 9, 2021
AI
The property involved in this closed transaction is an office located at 2200 Ross Ave in Dallas. The property has a total square footage of 1,300,000,000 square feet and is owned by Fortis Property Group, represented by Jonathan Landau.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $188,000,000
- Loan Type: Refinance
In this deal, a refinance loan of $188,000,000 was secured for the property at 2200 Ross Ave. Fortis Property Group, with Jonathan Landau as their representative, acted as the landlord in this transaction.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93