Northridge Capital Acquires Office Property On Dallas Parkway From Admiral Capital - David Robinson

14555 Dallas North Tollway, Dallas, TX 75254, USA

Building Size

249,564 SF

Asset Type

Office

Closing

Sep 16, 2021

AI

An office property located at 14555 Dallas Pkwy in Dallas has been sold. The property has a total area of 249,564 square feet. The transaction took place on September 16, 2021.

Summary of Transaction Details

Property Type: Office
Transaction Date: 09/16/2021
Address: 14555 Dallas Pkwy
Market: Dallas
Size: 249,564 square feet

The buyer in the transaction was Northridge Capital, while the seller was Admiral Capital - David Robinson. The deal was facilitated by the broker, Newmark.

Players

NC

Northridge CapitalBuyer

AC

Admiral CapitalSeller

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