UT Dallas Acquires Vacant Office Building From CFT NV Developments At Waterview Parkway In Dallas
17787 Waterview Parkway
Building Size
151,340 SF
Asset Type
Office
Closing
Jul 2, 2025
About this deal
AI
UT Dallas has completed the acquisition of a vacant office building at 17787 Waterview Parkway, which encompasses 151,340 square feet and is situated on 5.22 acres in the Dallas market. The property was sold by CFT NV Developments, the development arm of Panda Express.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17787 Waterview Parkway
- Market: Dallas
- Size: 151,340 square feet
- Acres: 5.22
- Buyer: UT Dallas
- Seller: CFT NV Developments
- Brokers: Bruce Butler, John Bowles & Susan Gwin Burks - Avison Young
The brokerage team from Avison Young, consisting of Bruce Butler, Susan Gwin Burks, and John Bowles, facilitated the transaction. Following renovations, the university intends to occupy the office building.
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Office
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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