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2001 Ross Avenue, Dallas, T...

Regent Properties Acquires 1.2M SF Office In Dallas From J.P. Morgan Global Alternatives
SOLDOffice

Regent Properties Acquires 1.2M SF Office In Dallas From J.P. Morgan Global Alternatives

2001 Ross Avenue, Dallas, Texas 75201, United States

Building Size

1,200,000 SF

Asset Type

Office

Closing

Mar 9, 2022

AI

J.P. Morgan Global Alternatives has recently sold an office property located at 2001 Ross Avenue in Dallas. The property, spanning 1,200,000 square feet, was successfully transacted on 03/10/2022. The sale was facilitated by Regent Properties, represented by Eric Fleiss and Sam Kraus as their brokers.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 2001 Ross Avenue
  • Market: Dallas
  • Buyer: Regent Properties - Eric Fleiss & Sam Kraus
  • Seller: J.P. Morgan Global Alternatives

The sale of this office property marks a significant transaction in the Dallas market. Regent Properties, with the representation of Eric Fleiss and Sam Kraus from their brokerage, successfully acquired the property from J.P. Morgan Global Alternatives. This deal showcases the expertise and effectiveness of Regent Properties in securing prime commercial assets in the market.

Players

Mike McDonald

JLL

Broker

$726.5M

vol

8 deals

Broker

Eric Fleiss

Regent Properties

Buyer

$566.3M

vol

7 deals

Buyer
Regent Properties
Regent PropertiesBuyer

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