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
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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