Bradford Companies Acquires Bent Tree Green Office Building In Far North Dallas
17300 Dallas Parkway
Building Size
139,609 SF
Asset Type
Office
Closing
Mar 25, 2024
About this deal
AI
The 139,609 square-foot Bent Tree Green office building located at 17300 North Dallas Parkway in Dallas was acquired by Bradford Companies for a value-add opportunity. The property was 60% leased at the time of sale, with a planned $9.6 million investment to upgrade amenities and modernize it.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Buyer: Richmond Collinsworth - Bradford Companies
- Seller: David Wheeler - Silver Star Properties
- Broker: JLL
- Lender: Harmony Bank
JLL marketed the property for the seller, Silver Star Properties of Houston. Harmony Bank provided the financing for the transaction, facilitating Bradford Companies' acquisition of the office building in Far North Dallas.
On the Map
Office
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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