Hamilton Peck Sells Office Property On N. Abrams Road In Dallas
12160 Abrams Road, Dallas, Texas 75243, United States
Building Size
166,508 SF
Asset Type
Office
Closing
Jun 8, 2022
AI
12160 N. Abrams Road and 12170 N. Abrams Road, located in Dallas, have been sold in a recent transaction. The office property, comprising 166,508 square feet, was on the market. The sale was facilitated by Cody Payne, Michael Tran, and Austin Edelmon from Colliers, who represented the seller, Hamilton Peck. The transaction took place on June 9, 2022. The property was purchased at an undisclosed price.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Address: 12160 N. Abrams Road & 12170 N. Abrams Road
- Market: Dallas
- Asset Size: 166,508 square feet
American National Bank & Trust provided the financing for this transaction.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · 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