SOLDOffice
Morning Calm Management Acquires 875,000 SF Office In Dallas
12750 Merit Drive, Dallas, Texas 75251, United States
Building Size
875 SF
Asset Type
Office
Closing
Nov 22, 2022
AI
The property involved in this transaction is an office located at 12750 Merit Dr in Dallas. The property spans a total area of 875,000 square feet. The transaction took place on 11/22/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 12750 Merit Dr, Dallas
- Market: Dallas
- Buyer: Morning Calm Management
- Broker: JLL
The deal's key individuals in this transaction include Morning Calm Management, who acted as the buyer, and JLL, who represented the buyer as the broker.
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