State Street Corp. And M-M Properties Acquire 350,000 SF Office In Dallas
14241 Dallas Parkway, Dallas, TX 75254, USA
Building Size
350,000 SF
Asset Type
Office
Closing
Oct 12, 2021
About this deal
AI
The office property located at 14241 Dallas Pkwy in Dallas has been sold in a recent transaction. The property is approximately 350,000 square feet in size. The sale took place on October 12, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
The buyer of the property is State Street Corp., represented by Ronald P. O'Hanley, along with M-M Properties, represented by Kenneth S. Moczulski. On the other hand, the seller consists of Crescent Real Estate, represented by Suzanne Stevens, and Long Wharf Real Estate Partners, represented by Michael Elizondo.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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