Albany Road Real Estate Partners Acquires Office Building In Dallas
1250 West Mockingbird Lane, Dallas, Texas 75247, United States
Building Size
120,000 SF
Asset Type
Office
Closing
Jan 17, 2022
About this deal
AI
The property involved in this transaction is an office building located at 1250 W. Mockingbird Lane in Dallas. It covers an area of 120,000 square feet. The sale of this property took place on January 18, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 1250 W. Mockingbird Lane
- Market: Dallas
- Buyer: Albany Road Real Estate Partners
- Seller: TXRE Properties - Justin Smith
Justin Smith of TXRE Properties represented the seller in this transaction.
Traded’s record for 1250 West Mockingbird Lane, Dallas, Texas 75247, United States in Dallas, Texas covers a office sale from 2022. The building is 120,000 square feet, implying about 0 per square foot on the published price. Albany Road Real Estate Partners appears on the sale alongside Albany Road Real Estate Partners. This page is the Dallas, Texas file for the 1250 West Mockingbird Lane, Dallas, Texas 75247, United States office sold: pricing, party profiles, and other closed office comps from the same Dallas sit in the Market section below. Filter that Dallas office set by closing date to see what else sold near 1250 West Mockingbird Lane, Dallas, Texas 75247, United States around 2022. Cite this Albany Road Real Estate Partners Acquires Office Building In Dallas sale when underwriting similar office product around Dallas, Texas.
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