Ray Washburne Acquires Office Building On 10000 N. Central Expressway In Dallas
10000 North Central Expressway
Building Size
300,000 SF
Asset Type
Office
Closing
Aug 30, 2021
About this deal
AI
Westdale Real Estate Investment and Management has sold an office property in Dallas. The property, located at 10000 N. Central Expressway, has a total area of 300,000 square feet. The transaction took place on August 30, 2021. The buyer of the property is Ray Washburne.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10000 N. Central Expressway, Dallas
- Square Footage: 300,000 sqft
- Seller: Westdale Real Estate Investment and Management
- Buyer: Ray Washburne
Creighton Stark of Colliers International represented Ray Washburne as the broker in this deal.
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Office
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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